Trump Allows Existing Keystone Oil Pipeline To Boost Capacity

U.S. President Donald Trump issued a presidential permit on Wednesday granting the operator of the existing Keystone oil pipeline, TC Energy, the right to increase the maximum throughput capacity, while the Keystone XL project continues to face significant legal hurdles to starting construction.   Under the permit, the limit to ship crude oil from Canada to the U.S. refineries via Keystone is being raised to 760,000 barrels per day (bpd), up from 590,000 bpd in a previous presidential permit, TC Energy’s spokesman Terry Cunha told Bloomberg…