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Oil-Sands Glut Jams Pipes to U.S., Making Rail Next Option


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#1 CNJRoss

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Posted 23 September 2016 - 03:27 PM

Bloomberg Markets, 9/22:
 

Oil-Sands Glut Jams Pipes to U.S., Making Rail Next Option

  • Flows to U.S. rose to six-year high last week, EIA says
  • Production set to grow through 2030, association says

Canada is sending a record amount of oil to the U.S., filling pipelines to capacity and threatening to push more crude into rail cars.

 

U.S. imports from its northern neighbor jumped 17 percent to 3.46 million barrels a day last week, the U.S. Energy Information Administration said Wednesday in a preliminary report. That’s the most since the agency began collecting such data in 2010. Exports have surged as Alberta recovers from wildfires that disrupted supplies earlier this year.

 

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