Shell Pipeline Co said repairs had been completed and the company resumed operations on Wednesday on a portion of Zydeco.
SEATTLE (Oil Monster): A Shell Plc (SHEL.L) unit on Thursday said it will begin oil deliveries on the Houston to Nederland portion of its Zydeco pipeline on Friday, a month after a spill forced the line shut.
The 22-inch pipeline, which has a total capacity of 360,000 barrels of oil equivalent per day, was shut in April after a limited release of crude oil was detected in the Intracoastal Waterway, east of the Sabine River.
Shell Pipeline Co said repairs had been completed and the company resumed operations on Wednesday on a portion of Zydeco originating at Port Neches, Texas, that delivers oil to Houma, Louisiana.
Price for Light Louisiana Sweet oil, delivered to the pipeline, had spiked earlier this month to trade at a more than $3 premium to U.S. crude futures as the outage limited supply of the crude.
Courtesy: www.reuters.com
| United States Crude Oil Prices | |||
|---|---|---|---|
| COMMODITY | PRICE | CHANGE | |
| Alabama Heavy Asphaltic Sour | 64.94 | -1.73 | |
| Alabama Light Sour | 72.16 | -1.92 | |
| Alabama Light Sour Womack Hill Type | 55.28 | +5.30 | |
| Alabama Light Sweet | 77.16 | -1.92 | |
| Alabama/ Florida Panhandle | 71.32 | -0.90 | |
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