Colonial Allocates Cycle 31 Shipments on Main Gasoline Line 1
* Colonial Pipeline Co is allocating space for Cycle 31 shipments on Line 1, its main gasoline line, the company said in a notice sent to shippers on Wednesday.* Committed information will be available on Friday, the company said.* Colonial's Line 1, with a capacity of 1.2 million barrels per day, runs from Houston to Greensboro, North Carolina.
Colonial Allocates Cycle 20 Shipments
Colonial Pipeline Co is allocating space for cycle 20 shipments on Line 1, its main gasoline line, and for cycle 21, on its Line 20 distillate pipeline, according to separate company notices sent to shippers on Tuesday. Committed information for Line 1 will be available on Thursday, and for Line 20, on Wednesday, the company said.
Colonial: Main Gasoline Pipeline Resumes Normal Ops
Colonial Pipeline Co on Friday said its main gasoline pipeline, Line 1, has resumed normal operations following a precautionary shutdown to investigate a potential integrity issue. Line 1, with a capacity of 1.2 million barrels per day, runs from Houston to Greensboro, North Carolina. Colonial…
Colonial Allocates Cycle 12 Shipments on Distillate Line 20
Colonial Pipeline Co is allocating space for Cycle 12 shipments on Line 20, which carries distillates from Atlanta to Nashville, Tennessee, according to a notice sent to shippers on Thursday. Committed information will be available on Friday, the pipeline operator said. The company generally announces allocations when nominations…
Colonial Pipeline Demand at 2-Month Nadir
Demand to ship gasoline on Colonial Pipeline has sunk to a two-month low as Gulf Coast supplies are increasingly being exported or sent to the Midwest rather than to the New York harbor, three sources familiar with the matter said on Wednesday. Colonial Pipeline Co, the largest U.S. fuel network…
U.S. Gulf Refiners Recovering Slowly, Carefully
U.S. refineries are restarting after Hurricane Harvey forced them to shut down two weeks ago, raising the risk of fires and explosions that could prolong fuel supply disruption as plants simultaneously reheat units and reactivate catalysts. Restarts are one of the most dangerous times for refinery workers, so operators keep shutdowns to a minimum.
US Gasoline Prices Climb as Refineries Gradually Restart
U.S. retail gasoline prices climbed Tuesday, even as oil refineries rumbled back into service after Hurricane Harvey disrupted operations along the Texas coast. The average gasoline price was $2.648, 30.2 cents higher than a month ago, according to motorist advocacy group AAA. Gasoline prices normally retreat after the U.S. Labor Day holiday weekend.
US DoE Releases 500 mb from SPR
The U.S. Energy Department said on Thursday it would release 500,000 barrels of crude oil from the Strategic Petroleum Reserve as Tropical Storm Harvey's disruption of the petroleum industry has sent fuel prices soaring. The first emergency release from the reserve since 2012 will be delivered to the Phillips 66 refinery in Lake Charles…
Demand to Ship Gasoline on Top US Pipeline at 6-yr Low
The operator of the biggest U.S. fuel pipeline system said on Thursday demand to transport gasoline to the country's populous northeast is the weakest in six years, the latest symptom of a global oil market grappling with oversupply. Summer is typically when gasoline demand peaks in the world's biggest oil consuming country as motorists hit the road for vacation…
Colonial Pipeline Shuts Stubline to Nashville on Suspected Leak
Colonial Pipeline Co's gasoline line between Atlanta and Nashville, called Line 19, remained shut on Monday after it was closed on Sunday after a possible spill, a company spokeswoman said on Monday. The line was initially shut after gasoline odors were reported to the Chattanooga Fire Department, the pipeline said in a notice to shippers on Sunday.
U.S. Safety Board opens probe into Colonial pipeline accident
The U.S. National Transportation Safety Board said on Friday it had opened an investigation into the Colonial Pipeline Co accident in Helena, Alabama, which killed one worker and seriously injured four others. Colonial's gasoline pipeline ruptured on Monday during routine maintenance operations.
Colonial Pipeline Could Reopen Gasoline Line by Saturday
Excavator hit line on Monday, triggering explosion; gasoline off highs as Colonial does not expect long outage. A major gasoline pipeline that is a crucial supply source for the U.S. East Coast could reopen as early as Saturday after an explosion in Alabama killed one worker and injured five others, Colonial Pipeline Co said on Tuesday.
U.S. Gasoline Futures Spike on Colonial Pipeline Casualty
U.S. gasoline futures jumped over 11 percent on Tuesday after Colonial Pipeline Co shut down its main gasoline and distillates pipelines on Monday after an explosion and fire in Shelby, Alabama, killed a worker. The incident was the second time in two months the company had to close the crucial supply line to the U.S.
Fuel Crunch Looms, Terminals in Path as Hurricane Matthew Nears US
The Southeast United States is expected to be hit with fuel shortages in the aftermath of Hurricane Matthew, as the storm barrels toward one of the largest energy-consuming regions in the country. Some states are already experiencing supply constraints as motorists fill up tanks as an emergency precaution.
Colonial Expects Restart of Gasoline Line on Wednesday After Leak
Colonial Pipeline Co said it expects a full restart of its gasoline line by Wednesday evening after its biggest leak in nearly two decades squeezed supply and led to increased prices at the pump in southeast United States. The biggest refined products system in the U.S. restarted parts of the line a few days after a leak was discovered on Sept.
U.S. Crude Up; Brent Down on Mixed Market Signals
U.S. oil prices edged up on Tuesday on hopes the planned restart of country's main gasoline pipeline after a leak more than a week ago will boost demand, while Brent slipped amid skepticism over a proposed deal to freeze production. Both benchmarks hit six-week lows earlier on the day in volatile trade ahead of the Sept.
Oil Rebounds From 6-week Low on OPEC Speculation
Oil prices recovered on Tuesday from six-week lows, with U.S. crude rising as much as 1 percent, as the market weighed up OPEC comments that a possible production freeze agreement could last longer than expected. U.S. gasoline futures (RBc1> tumbled 4 percent after Colonial Pipeline Co said it…
Colonial Expects Wednesday Gasoline Line Restart
Colonial Pipeline Co said on Tuesday it expects to restart its main gasoline line on Wednesday after its biggest leak in nearly two decades which led to a surge in prices at the pump and long lines in the southeast United States. The leak, discovered by a mining inspector who detected a gasoline odor in Helena, Alabama on Sept.
Oil Up on Output Freeze Talk, Gasoline Tumbles
Libyan clashes, firmer Wall St, weaker dollar help oil; traders reassess Venezuela's bid to talk up output freeze. Oil rallied on Monday before settling off its highs on skepticism over Venezuela's bid to talk up a potential OPEC output freeze and on indications U.S. crude stockpiles had risen last week.
U.S. Pump Prices Up as Colonial Fixes Pipeline
Gasoline prices in the southeastern United States kept rising on Monday as Colonial Pipeline Co continued to fix a more-than-week long disruption on a key gasoline line that has led to complaints of long waits and price gouging at the pump. The leak, which was discovered on Sept. 9, released about 6…
