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September 2nd - Dutch Prime Minister Rob Jeten met with French President Emmanuel Macron in Eindhoven, Netherlands, on September 2nd, local time. The two leaders discussed international and regional hotspots such as the situation in Ukraine, the Middle East, economic cooperation, and defense cooperation. They also focused on bilateral relations between the Netherlands and France, as well as the development of the European technology industry. Following the meeting, the two leaders will jointly participate in a roundtable discussion with representatives from technology companies in France and the Netherlands.The Russian Ministry of Defense reported that Ukrainian troops lost approximately 1,330 soldiers in operations against Russian forces in the past 24 hours.Russian Defense Ministry: Black Sea Fleet destroyed a Ukrainian unmanned vessel in the Black Sea.On September 2nd, Israeli Defense Minister Katz stated that he believes Israels military operations have significantly weakened Iran. "We eliminated the existential threat from Iran, removed Khamenei, thwarted their strategic capabilities, and set them back decades," he added. He further stated that despite casualties on Israeli soil, Israel has also gained strategically. Katz said, "There were indeed casualties, but in terms of the overall gains and losses, the casualties could have been much more severe. We dismantled their launch capabilities. In the operation against Iran, we achieved tremendous results. Our most dangerous enemy has been severely damaged and is now significantly weaker than us."On September 2nd, Israeli Defense Minister Katz stated that Israel is currently allowing the United States to lead the strikes against Iran because the US has interests in the Strait of Hormuz and energy security. Katz also addressed the possibility that Iran might attempt to rebuild its nuclear program, stating that the program was destroyed during Israels "Operation Rising Lion." He said, "We destroyed it, completely destroyed it." Katz indicated that Trump subsequently joined the operation, deploying B-2 bombers carrying bunker-buster munitions to strike Fordow and another facility. "Since then, the nuclear program has not resumed, and we have been monitoring developments. Now we need to ensure they cannot regain the ability to revive the program, nor will they restart it."

TC Energy Says The Keystone Pipeline Will Reduce Volume

Aria Thomas

Nov 16, 2022 14:45

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TC Energy (NYSE:TRP) of Canada reported on Tuesday that its Keystone oil pipeline with a capacity of 622,000 barrels per day will limit output due to recent severe weather-related disruptions on system facilities.


Monday was the day that the Calgary-based corporation informed consumers of the force majeure situation. Citing customer confidentiality, TC did not reveal the extent or duration of the service cut.


"The notices informed customers that the Keystone System will be obliged to restrict volumes commencing on November 15 due to the time the system was halted during the force majeure incident," TC said in a statement.


Two market sources reported a 7% volume decrease. According to one of the sources, the price of Canadian heavy crude dipped on Monday and then recovered on Tuesday.


According to NE2 Inc, Western Canada Select heavy blend crude for December delivery closed $28.60 per barrel below U.S. crude futures, after trading at $28.85 per barrel the previous day.


Keystone is an essential part of Canada's oil export network, delivering crude oil from Alberta to the United States. Midwest followed by Gulf Coast.


In order to test the system, TC stated in October that it would temporarily increase the capacity of its Keystone pipeline for a few months beginning in November.

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