The amount of crude carried by rail out of Canada is expected to surge next year as Canada’s oil sands output grows and outpaces capacity of congested export pipelines.
Traders and loading terminal operators reported a boom in demand to move crude by rail in the final months of 2017 after a leak on TransCanada Corp’s Keystone pipeline left a glut of crude backlogged in Alberta.
Data from the U.S. Energy Information Administration, also released on Friday, pegged Canadian crude by rail exports even higher in October, at 147,000 bpd.
(Reporting by Nia Williams; Editing by James Dalgleish)
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