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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.
Canadian oil production could hit 5.3 million barrels daily this year, this would be a record high and an excess on the country s pipeline network. ....
Canada s oil producers are poised to pour about half a million barrels of new daily output more than the total production of some OPEC members into world markets over the next year or so. ....
Canada’s oil producers are poised to pour about half a million barrels of new daily output - more than the total production of some OPEC members - into world markets ....