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Crude-by-rail exports hit record in September, NEB says [Toronto Globe and Mail (Ontario, Canada)]

Cenovus Energy Inc (CVE) 
Last cenovus energy inc earnings: 4/29 06:00 am Check Earnings Report
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CALGARY The Canadian Press Published November 21, 2018 Updated November 21, 2018 For Subscribers Comments The National Energy Board says crude-by-rail exports from Canada rose to a record 269,829 barrels per day in September. That’s up more than 17 per cent from 229,544 in August and just over double the 134,132 barrels per day recorded in September 2017. Total crude exports reached 3.47 million bpd in September, up from 3.31 million a year earlier. Story continues below advertisement Pipeline export constraints are being blamed for a glut of oil in Western Canada that caused the price discount to peak at more than US$50 per barrel in October for Western Canadian Select oilsands blend versus New York benchmark West Texas Intermediate. The province has called on Ottawa to help increase crude-by-rail shipments, estimating the discounts are cos Show less Read more
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