Stay updated with breaking news from Ben Pham. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
When the Trans Mountain pipeline expansion begins shipping oil, the recent increase in crude-by-rail shipments should reverse, said BMO Capital Markets analyst Ben Pham.
Canadian crude-by-rail shipments nearly doubled in volume in the last six months of 2023, as Alberta oil output surged to all-time highs.
Canadian crude-by-rail shipments nearly doubled in volume in the last six months of 2023, as oil output from Alberta surged to all-time highs and the Trans Mountain pipeline expansion remained under construction.
CALGARY - Canadian crude-by-rail shipments nearly doubled in volume in the last six months of 2023, as oil output from Alberta surged to all-time highs and the Trans Mountain pipeline expansion remained under construction.
For years, Canadian oil producers have been struggling with insufficient pipeline capacity to take their products to buyers. Anti-pipeline policies have been a big reason for that, along with environmental opposition. Now, the same government that ...