By Geoffrey Morgan, National Post; The London Free Press; July 30, 2018
CALGARY – Canadian shipments of oil via rail have hit an all-time record high, and analysts expect shipments to go higher amid a pipeline crunch.
New data from the National Energy Board shows Canadian oil companies shipped an average of 198,788 barrels of oil per day on railway cars in May, the latest month for which data is available, marking a record high and a 42 per cent increase over the 130,916 bpd shipped on rail in the same month a year earlier. Over the same period, Canadian oil production is expected to have risen to 4.5 million bpd, from 3.9 million bpd according to an NEB forecast.
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