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TransCanada Corp’s (TRP.TO) 590,000 barrel-per-day crude Keystone pipeline was also shut due to the outage, according to a shipper on the line and traders. There was no estimated restart timeline for the line, one source said, citing a notice to shippers 14k gold cufflinks with diamonds uk online. The company did not respond to a request for comment. The outages, though temporary, are just the latest constraints to hit Western Canadian oil producers already struggling to export crude due to full pipelines as production has surged to a record at more than 4.6 million barrels a day in 2018..
Both systems originate in Alberta, where most of Canada’s oil is produced. Enbridge, for its part, said it will remain in contact with SaskPower, that province’s primary utility, through the night “to evaluate the possibility of starting the lines earlier.” The Mainline system ships about 1.2 million bpd. The Alberta government on Sunday imposed mandatory output cuts of 8.7 percent, or 325,000 bpd, until excess crude in storage is drawn down 14k gold cufflinks with diamonds uk online. The cuts will begin in January..
Western Canadian Select (WCS) heavy oil prices weakened on the news, dealers said, closing at $29.25 a barrel below West Texas Intermediate CLc1 benchmark prices 14k gold cufflinks with diamonds uk online. In October, that discount hit a record of $52 below U.S. prices, but had narrowed to a $19 discount on Monday after the production cuts were announced. Traders said they expect the outages to be brief. “If the lines are not up tomorrow, I’m sure folks will start to get nervous,” one shipper on the lines said. TransCanada’s Keystone line runs to Steele City, Nebraska and from there to other U.S. markets. Decreased power consumption on that line was observed at about 9:30 a.m. EST (1430 GMT), according to market intelligence firm Genscape..
WASHINGTON (Reuters) – U.S. President Donald Trump on Tuesday held out the possibility of an extension of the 90-day trade truce with China but warned he would revert to tariffs if the two sides could not resolve their differences 14k gold cufflinks with diamonds uk online. Trump said his team of trade advisers led by China trade hawk U.S. Trade Representative Robert Lighthizer would determine whether a “REAL deal” with Beijing was possible. “If it is, we will get it done,” Trump wrote in a Twitter post. “But if not remember, I am a Tariff Man.”..
The threat of an escalating trade war between the world’s two largest economies has loomed large over financial markets and the global economy for much of the year, and investors initially greeted the ceasefire agreed by Trump and Chinese President Xi Jinping over the weekend with relief. However, following Monday’s rally, markets on Tuesday sold off as doubts over what could realistically get accomplished in the tight negotiating window added to concerns about fading global growth 14k gold cufflinks with diamonds uk online. The Dow Jones Industrial Average .DJI fell more than 3 percent, the S&P 500 .SPX lost 3.2 percent and the Nasdaq Composite .IXIC tumbled 3.8 percent..