The C$265 million sale to Enbridge consists of Leismer pipelines and a Cheecham storage terminal serving the Leismer oil sands and Corner projects in Athabasca’s Alberta thermal oil business.
The EIA reported crude oil inventories fell 7.3 million barrels in the week to Nov. 30, which was the first drop in U.S. crude stocks since September and came as exports surged to a record.
U.S. Gulf Coast crude oil imports in October fell to the lowest level in more than a year as the nation's production and exports soared, data from Refinitiv Eikon and market intelligence firm Kpler show.
Front-month natural gas futures rose as high as $4.929 per mmBtu on Nov. 14, their highest since February 2014, as cold weather blanketed much of the U.S. this week.
Oil prices fell after the EIA reported that U.S. crude inventories rose by 5.8 million barrels in the week to Nov. 2, more than double analysts' expectations.
Buckeye Partners said the divestitures, comprised of its stake in VTTI for $975 million and a $450 million asset sale, was the result of a strategic review by the Houston-based company.
The EIA said on Oct. 31 that crude stocks rose 3.2 million barrels in the week to Oct. 26, less than analysts' expectations for a 4.1 million-barrel build.
OPEC and non-OPEC ministerial panel signaled a possible need for more production cuts as global oil inventories rise, in a statement that may further sour relations with President Donald Trump.
U.S. crude stocks rose by 6.3 million barrels in the week to Oct. 19, compared with analyst expectations for an increase of 3.7 million barrels, according to an EIA report.
Oil prices sunk on the news from the EIA of rising crude stockpiles, with U.S. crude futures slipping through $70 a barrel for the first time in nearly a month.
Japan's Kyushu Electric Power Co said on Oct. 15 it restricted third-party solar power supplies over the weekend, marking the first time a Japanese utility has curbed the use of renewable energy to avoid a sudden blackout.