Source: The Canadian Press, December 27, 2018
CALGARY — A new report from the National Energy Board says the “primary factor” in recent steep discounts on western Canadian crude is that oil production outstripped export pipeline capacity by about 365,000 barrels per day.
The background report was compiled for federal Natural Resources Minister Amarjeet Sohi who has asked the NEB for advice on how to optimize existing pipeline and rail transport.
The NEB says it has launched an online forum to gather public input and will meet with pipeline companies, producers, shippers, government officials and other experts in January to gather more answers for the minister.
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