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.”
The closing of the Houston Ship Channel after a fuel spill is idling vessels that carried a record amount of U.S. natural gas liquids exports last year, raising questions about the need for geographic diversity in the burgeoning market.