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Crude by rail exports surge in Canada as pipeline restraints squeeze oil industry

(Source: CBC News, September 11, 2018)

CALGARY — With the Trans Mountain Pipeline Expansion Project stalled, and overall Canadian pipeline capacity limited, the pressure to ship crude oil out of Alberta continues to grow. The amount of oil shipped by rail has been increasing and showing little signs of letting up. The National Energy Board reported in June that crude-by-rail exports from Canada set a record of 204,558 barrels per day. Analysts say much of the crude-by-rail growth has been driven by increasing production and ongoing pipeline capacity problems.

Full story: www.cbc.ca

Wednesday, September 12, 2018

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