In Texas, a leak in the pipeline

© AP Photo / Hasan JamaliНефтяникIn Texas, a leak in the pipeline© AP Photo / Hasan Jamali

The oil leak occurred on the pipeline company Magellan Midstream Partners in the U.S. state of Texas, its volume is estimated at 1.2 thousand barrels (190 million liters), according to Bloomberg.

Spill on the Longhorn pipeline system near Austin occurred after a contractor struck a pipeline, performing maintenance work. Residents within a radius of 1.6 kilometers have been evacuated. According to the statement of the representative of the Commission on the environmental quality of the state, the leak stopped.

Oil through the Longhorn is transported from fields in the Permian basin to the refineries on the Gulf coast and export terminals.

Meanwhile, according to the Agency, the leak has not caused any shortage of raw materials. As explained by Executive Vice President of a consulting company in the field of energy Turner Mason & Co. John Ayers, sufficient pipeline capacity allows for flow redistribution.

Meanwhile, he did not rule out the influence of the stop, if it will last, the price of WTI crude oil traded on the spot markets in Houston and Midlands.

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