The Globe and Mail reports in its Saturday, Sept. 24, edition that Canada is sending a record
amount of oil to the United
States, filling pipelines to capacity
and threatening to push more
crude into railcars.
A Bloomberg dispatch to The Globe reports that U.S. imports from Canada jumped 17 per cent to
3.46 million barrels a day last
week, the U.S. Energy Information
Administration said last week.
That is the most since the agency
began collecting such information in
2010. Exports have surged as
Alberta recovers from wildfires.
Supplies from the oil sands are
piling up as producers bring back
output and projects that had
been delayed by the fires come
on-line. The
stress on existing lines means
more crude will be hauled by rail
at higher costs and the discount
on Canadian crude will likely
widen.
Enbridge's mainline system,
the most important conduit
for shipping Canadian crude into
the United States, has been running
above its 2.4-million-barrel-a-day capacity and was full in
August, according to Genscape analyst Ryan Saxton.
Other lines, including Spectra
Energy's Express and TransCanada's
Keystone, were about 89 per cent
full last month.
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