U.S. regulators probing BP crude shipments on Enbridge pipeline
Graham White, a spokesman for Canada's largest pipeline company, confirmed the investigation is related to crude volumes nominated by shippers on its system. He said the Commodity Futures Trading Commission (CFTC) had not indicated Enbridge was under investigation.
The CFTC told BP (BP..LO)last November it planned to recommend an enforcement action alleging violations of the Commodity Exchange Act in connection with Canadian pipeline nomination procedures and related trades, BP said in a quarterly earnings statement Tuesday.
(Reporting by Nia Williams; Editing by Bernard Orr)