By Robert Tuttle, Bloomberg; March 26, 2018
Stranded Canadian crude is waiting for trains to take it to U.S. refineries.
A rail terminal near Edmonton that oil-sands producer Cenovus Energy Inc. bought for C$75 million ($58.2 million) sits underutilized just when it’s most needed. The Bruderheim crude-by-rail facility is operating below its potential because of a shortage of locomotives, the company said last week.
Click here to read the full story.