Enbridge Pipe Halt to Curb Oil Imports, Goldman Says
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The halt of an Enbridge Energy Partners LP pipeline that got approval to reopen is expected to keep U.S. crude oil imports at a reduced level in coming weeks, Goldman Sachs Group Inc. said.
Enbridge got final approval from federal regulators to resume shipments through Line 6A today after its largest oil pipeline linking Canada and U.S. Midwest refiners was closed Sept. 9 following a leak. The 670,000-barrel-a-day link will run at about 69 percent of capacity when it returns to service, the company said yesterday.