Canadian crude by rail exports are breaking records

Premier Notley has reached out to Ottawa hoping to see an increase in crude by rail in the short to medium term.

According to the National Energy Board, crude by rail exports shattered records.

Exports rose to a record 229,544 barrels per day in August which is up more than 11 percent from just over 206 thousand bpd in July.

Just last week, Alberta Premier Rachel Notley called on Ottawa to work to increase capacity for oil on rail as a short to medium term fix to improve the current market, however Canada's railroads have been reluctant to add locomotives and crews to move oil unless producers sign long term contracts.

Oilsands producer Cenovus Energy announced recently it had recently signed long term deals to move 100,000 bpd of its own heavy crude oil on Canadian railways to the US Gulf Coast.

 

@TheOne_Jake/ One News

 

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