Canadian crude oil exports by rail surged 87%
in June from a year ago to more than 204.5K bbl/day, according to the
National Energy Board; June was the last full month for which the NEB
has relevant data
constraints on Canadian
takeaway capacity has suppressed the price for the Canadian crude oil
benchmark by as much as $30/bbl relative to the U.S. WTI benchmark
"With western Canadian pipelines full, greater
volumes crude by rail volumes will continue to grow into the
fall," [a spokesman] says, expecting movement to average between 200K-300K
bbl/day for the full year
TransCanada is trying to expand that network to southern U.S. export terminals
through the Keystone XL pipeline, although environmental challenges have
delayed the project, and Kinder Morgan has tried to triple the capacity of its Trans Mountain network to British Columbia ports amid intense regional opposition
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