Reuters logo
TransCanada seeks to raise spot tariffs on Marketlink oil pipeline: FERC
October 26, 2017 / 6:17 PM / a month ago

TransCanada seeks to raise spot tariffs on Marketlink oil pipeline: FERC

NEW YORK (Reuters) - TransCanada Corp is seeking to raise the temporary discounted spot rate for light crude on its 700,000 barrel-per-day Marketlink pipeline effective Dec. 1, according to a Federal Energy Regulatory Commission filing on Thursday.

Light crude oil moving from Cushing, Oklahoma into Port Arthur or Houston in Texas will be raised to $3.00 a barrel from $2.50 a barrel previously, according to the filing. The heavy crude tariff rate at $3.00 a barrel remains unchanged.

U.S. crude benchmark’s discount to global marker Brent widened to a session low after news of the announcement, touching $6.59 a barrel, the largest in a month.

Reporting by Catherine Ngai in New York and Bryan Sims in Houston; Editing by Cynthia Osterman and Chizu Nomiyama

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below