Colonial Pipeline News
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Gasoline on the U.S. Gulf Coast weakened against futures for a second day after Colonial Pipeline Co. shut a segment of a line linking the region’s refineries to the Northeastern market.
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Ultra-low-sulfur diesel rose as gasoil gained in Europe on speculation refineries may reduce operating rates, limiting production.
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New York gasoline weakened versus futures as the flow of imports from Europe was expected to climb and as Colonial Pipeline Co. allocated shipments on its main gasoline line.
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Colonial Pipeline Co. is considering projects that would add as much as 600,000 barrels a day of capacity to its Northeast fuel pipeline system, including at least 100,000 barrels a day to the New York Harbor area.
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Jet fuel and diesel in New York Harbor rose after Colonial Pipeline Co. allocated shipments on a line moving distillates from the Gulf Coast to the Northeast.
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Colonial Pipeline Co., which operates the largest pipeline linking U.S. Gulf Coast refiners to East Coast markets, is limiting shipments on Line 20.
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The following is a selection of the most important news affecting the oil market.
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Colonial Pipeline Co. froze nominations on Line 2, which carries distillates, for cycle 25, according to a bulletin sent to shippers.
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Jet fuel in New York strengthened to the highest level since June as Colonial Pipeline Co. froze nominations on a line that ships products in the region.
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Colonial Pipeline Co., which operates the largest pipeline linking U.S. Gulf Coast refiners and East Coast markets, said orders to ship distillates on Cycle 35 exceed line 20’s capacity. Capacity on the line, which runs from Atlanta to Nasville, will be allocated, the company said in a notice to shippers.
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