iab commodities

Biden begins filling strategic oil reserve, as Keystone pipeline leak prompts new emergency swap

New York CNN — The Biden administration on Friday announced plans to supply nearly 2 million barrels of oil to refineries through an emergency swap and simultaneously begin efforts to replenish the strategic petroleum reserve early in the year. next. The new emergency exchange aims to address “potential supply disruptions” caused by the shutdown of …

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Keystone Pipeline shuts down after oil leak, halting flow of 600,000 barrels per day

New York CNN Business — The Keystone pipeline was shut down following a leak discovered near the Kansas-Nebraska border. The shutdown of the main pipeline that carries crude oil from Canada sparked volatility in the energy market on Thursday, with oil prices briefly jumping as much as 5% before falling back. Federal safety regulators are …

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