Enterprise Products Partners LP must prioritize propane shipments on a pipeline to the U.S. Midwest and Northeast, where cold weather has caused heating-fuel prices to climb, federal regulators ordered in the first use of their emergency powers.
Enterprise Products Partners LP shut a 10-inch crude gathering pipeline in a rural area near Iola, Texas, after a leak was discovered yesterday, Rick Rainey , a company spokesman, said today. The leak is estimated to be 7,000 barrels, he said.
The Seaway pipeline’s initial capacity to ship oil to Houston-area refineries from Cushing, Oklahoma, in the second quarter of 2012 will be based on deliveries of light crudes similar to West Texas Intermediate.
Raj Rajaratnam, the hedge fund manager convicted of directing a massive insider-trading ring, opposed a government request to unseal data about his medical condition, claiming it would only fuel a “media feeding frenzy.”