Keystone crude flows down by 7 per cent
HOUSTON, June 22 (Reuters) – TransCanada Corp on Wednesday cut its forecast for crude flows on its 590,000 barrel per day (b/d) Keystone Pipeline from Hardisty, Alberta to Patoka, Illinois and Cushing, Oklahoma for the remainder of June, according to a shipper notice seen by Reuters.
Flows on the pipeline will average 396,140 barrels per day from June 22 until the end of the month, according to the notice, a 7 percent decline from where the operator had forecast monthly flows around the start of June.
The cut comes as producers in Canada are scrambling to restore production after a massive wildfire knocked more than 1 million barrels per day of oil production offline last month.
A June 7 shipper notice had forecast flows on the pipeline to average 425,963 bpd through the end of June.
TransCanada anticipates 49 percent of the Keystone volume to flow to the Hartford/Patoka hub, and the remainder to ship to Cushing, according to the latest notice.
A spokesman for the company did not immediately respond to a request for comment.
(Reporting by Catherine Ngai in Calgary; Writing by Liz Hampton; Editing by Bernard Orr)