Crude Oil Volume to Double in Size on Capline Pipeline

Crude oil flowing from the Gulf to the Midwest through the Capline pipeline is predicted to double in volume this month due to the wildfire in the oil sands region of Canada.

The wildfire, which erupted May 1 and put pipeline operators and refineries to a halt, has reduced some 1 million barrels per day due to the temporary shutdown of facilities in the affected area.

Increased shipper demand due to the reduction of oil sand supplies has caused an increase of volume on the Capline pipeline, which is operated by Marathon Petroleum Corp and also owned by Plains All American Pipeline and BP.

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Reuters