Showing posts with label Friday. Show all posts
Showing posts with label Friday. Show all posts

Enbridge pipeline seen down until Friday (Reuters)

CALGARY, Alberta (Reuters)-Enbridge Inc said on Thursday it has closed down a bigger oil pipeline in the Midwest for extended maintenance, adding a squeeze in the transport capacity which has created an abundance of crude oil in Western Canada.

Enbridge said its 670,000 barrels per day on Line 6A would be down until Friday at noon (0400 GMT Saturday) 11 while it finishes work related planned pipeline integrity test.

"Maintenance crew already on the site will remain and work 24 hours a day to minimize shutdown, duration" Enbridge spokesman Steve Jordan said in an e-mail message.

The pipeline runs to Griffith, Indiana, from Superior, Wisconsin.

The company said it is considering postponing other maintenance to recover some of the volumes that have been lost due to closures and downsizing of feeds on its system, which is the main street of Canadian crude exports to the United States.

Pressure was already restrictions for Enbridges pipelines and high nominations, raw backup in Western Canada, forcing the company to interfere with service to certain feeder piping and some manufacturers to reduce production.

Jordan said Enbridge tanks in Edmonton and Hardisty in Alberta, and Superior in Wisconsin are full.


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How the major stock indices fared Friday (AP)

Rally stocks staged a late afternoon, after almost the whole day weighed down by an unexpected increase in the unemployment rate to spend. Close indexes, the winding-up later for the third straight day. Materials and energy companies led the rebound. The Dow Jones industrial average rose 2.6 percent for the week, his best weekly gain since 5 beat up a November 2010. The Dow is now only 0.5% below this level.

The Dow Jones Industrial Average climbed 11,382.09 depth or 0.2 percent.

The standard and poor's 500 index rose to 1,224.71 3.18 or 0.3 percent.

The Nasdaq composite index rose 12.11 or 0.5 percent to 2,591.46.

For the week:

The Dow is up 290.09 or 2.6 per cent.

S & p is 35.31 or 3 percent.

The NASDAQ is up 56.90 or 2.2 per cent.

For the year:

The Dow is up 954.04 or 9.1 per cent.

S & p is 109.61 or 9.8 percent.

The NASDAQ is up 322.31 or 14.2 percent.


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