TransCanada Shuts Keystone Oil Pipeline After Defect Found

TransCanada Corp said on Thursday it has shut down its major pipeline for moving Canadian crude oil from Alberta to the U.S. Midwest and Midcontinent after detecting a “small anomaly” on the pipe, pushing up benchmark oil prices.

TransCanada said the 590,000 barrel a day Keystone pipeline is expected to be shut for three days as crews investigate the pipe. It said the potential defect was discovered on Wednesday by an in-line inspection tool and no leaks were found.

The pipeline has the capacity to transport a quarter of Canada’s crude oil exports to the United States.

(Inside Climate News)

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