real-time news and commentary for investors
Friday, Oct 25
Enbridge rations oil deliveries on Canada-to-U.S. mainline
- Enbridge (ENB) says it is rationing November oil pipeline deliveries on its Canada-to-U.S. mainline network because of higher than normal maintenance associated with new capacity additions.
- For example, Line 6A running from Superior, Wisc., to Griffiths-Hartsdale. Ind., with capacity for 666K bbl/day of heavy crude, and Line 62 from Griffiths-Hartsdale to Flanagan, Ill., with capacity of 130K bbl/day, are each apportioned 30%.
- Pipelines are apportioned when capacity lags orders to move crude; shippers are required to cut their orders to transport oil by the apportionment ratio.