Canada is producing more oil than it can handle

(Source: www.rt.com, January 2, 2019) 

Western Canada is producing 365,000 bpd more crude oil that current pipeline capacity can handle, a new report from the National Energy Board has revealed. According to the authority, as of September, Western Canada produced a daily average of 4.30 million barrels of crude, while pipeline capacity stood at 3.95 million barrels per day. Alberta, the largest oil producer in Canada, has turned to oil trains to offset the pipeline capacity shortage.

Full story: www.rt.com

Monday, January 7, 2019