Falling pace of supply disrupts US petroleum pipeline system
Colonial Pipeline has closed part of its line while Explorer Pipeline shut lines to Tulsa and Chicago
New York
HARVEY is putting a new spotlight on a spaghetti-like network of petroleum pipelines that run across the plains and fields of Texas, disrupting the ability of at least two major Gulf Coast conduits to send fuels north.
The 5,500-mile (8,850km) Colonial Pipeline, a top transporter of petrol for the north-east, has closed part of its line after "the pace of supply" fell from refiners damaged by the storm. Meanwhile, Explorer Pipeline Inc shut its lines to Tulsa and Chicago citing similar issues.
Why is the pace of supply so important? You need fuel to push fuel. Pumps at the start of a pipe get things moving, and those at its end suck product out. But it…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Oil rises as dollar slips, focus shifts to economic data
California to wrap up ExxonMobil plastics probe ‘in weeks’, AG says
Gold edges higher; hovers near one-week low on tempered Middle East fears
Why has gold’s inverse relationship with the US dollar reversed?
Oil futures fall as fears of a wider Middle East war fade
Malaysia’s Sapura Energy to sell stake in SapuraOMV to TotalEnergies for US$705 million