30 December 2022 | Other

Keystone pipeline back to service

It is reported that TC Energy managed to restart the Keystone oil pipeline three weeks after its shutdown.

According to the company, Keystone successfully delivers oil to all necessary locations. TC Energy has also assured that risk-mitigation measures are gradually being implemented, including reduced operating pressure.

Keystone is an oil pipeline with a capacity of 622,000 barrels per day. More than three weeks ago, on December 7, there was an oil spill (14,000 barrels), after which the pipeline had to be shut down. As a result, American refineries couldn’t get all Canadian oil supplies. At this point, it is difficult to say exact pipeline’s volumes. It is estimated to be the largest oil spill in the U.S. since 2013.

PHMSA (United States Pipeline and Hazardous Materials Safety Administration) has determined that the pressure in the damaged segment must be reduced by 20%. Until PHMSA approves an increase of the pipeline pressure, Keystone will continue to operate with its current pressure. 

Company MarketCheese
Period: 24.10.2025 Expectation: 1600 pips
GBPUSD is poised to retest 1.34800
Yesterday at 10:38 AM 28
Period: 31.10.2025 Expectation: 600 pips
Break below 0.908 could send AUDCAD to autumn lows
Yesterday at 07:30 AM 24
Period: 24.10.2025 Expectation: 290 pips
Brent crude to rebound to $62.90
Yesterday at 07:21 AM 24
Period: 30.11.2025 Expectation: 2500 pips
Buying NVIDIA shares upon return to $170 support
16 October 2025 58
Period: 23.10.2025 Expectation: 28500 pips
Opening long positions on ETHUSD as buying interest recovers
16 October 2025 51
Period: 20.10.2025 Expectation: 1500 pips
Buying GBPUSD on weaker US dollar and potentially positive UK data
16 October 2025 41
Go to forecasts