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Colonial resumes Line 1 service after Nicholas: Update

From argusmedia.com

Colonial Pipeline has resumed service on its main gasoline line after shutting its gasoline and diesel lines early this morning due to power outages from tropical storm Nicholas. Colonial restarted operations on its 1.5mn b/d gasoline-bearing Line 1 between Houston and Greensboro, North Carolina at 12:58pm ET, with it's 1.2mn b/d distillates-carrying Line 2 along the same route scheduled to resume operations once product is made available. Nicholas briefly became a hurricane before it came ashore at 1:30am ET near Freeport, Texas, with winds that knocked out power to more than 450,000 customers in the Houston area, ... (full story)

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  • Category: Fundamental Analysis