Friday, 16 November 2018 13:52

More crude to move by rail

536 rail


Bloomberg provides a tally of plans from five producers including Cenovus Energy Inc., Canadian Natural Resources Ltd. and Imperial Oil Ltd. that forecasts an additional 270,000 barrels a day of exports on tank cars to potentially surpass 400,000 by the middle of next year. Most of it is headed to the US Gulf Coast. Initially reluctant to commit to rail, producers are finally giving in to using rail transportation after court filings have delayed two major pipeline projects.

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