Canadian Oil-by-Rail Exports To U.S. Keep Rising ...Middle East

Crude oil exports from Canada to the United States are increasingly being shipped by rail due to the now chronic shortage of pipeline capacity that is only going to become more severe as Canadian oil output rises while pipeline capacity stagnates. Bloomberg’s Robert Tuttle reports that Cenovus Energy and Imperial Oil are among the companies increasingly using oil trains to carry their heavy crude south of the border. The companies’ combined oil exports by train have tripled since last July, the report said, adding that a railway company…

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