Buckeye Partners LP said on Friday nominations for its eight refined product U.S. Midwest pipeline segments for June were above capacity and it was asking shippers to review their current nominations. The U.S. midstream company has asked shippers to revise nominations on pipeline segments L010, L316, L403, L304, L301/L306, L165, L415/521, and Laurel pipeline with binding nominations.A company spokesman was not immediately available to comment on the capacities.The submission deadline for binding nominations on Transport 4 is by the close of business on Friday, May 20, Buckeye said.The company said binding nomination volumes will be reviewed and, if required, final allocated volumes for May will be sent to each shipper by Thursday, May 22.
Buckeye Partners, L.P. (Buckeye) is a master limited partnership. Shares of BPL traded higher by 1.07% or $0.83/share to $78.73. In the past year, the shares have traded as low as $62.00 and as high as $80.94. On average, 324531 shares of BPL exchange hands on a given day and today's volume is recorded at 284366.
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