Spectra Energy says it restarted Express-Platte oil line Saturday
NEW YORK, June 24
NEW YORK, June 24 (Reuters) - Spectra Energy said Monday it shut its 280,000 barrel per day (bpd) Express-Platte pipeline system at the end of last week due to communication problems caused by heavy flooding in Alberta, but restarted the lines over the weekend.
Spectra spokesman Phil West said the 280,000 bpd Express line, which carries Canadian crude from Hardisty, Alberta to Casper, Wyoming was down for slightly less time than the 164,000 bpd Platte line that continues to Wood River, Illinois.
Having shut on Friday both lines were restarted between late afternoon and early evening on Saturday, West said, adding no further disruption to the lines was expected from the Alberta flooding.
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.