Crude-by-rail loadings rise to new record Jan. 11: Genscape
Rail shipments grow as Enbridge rations pipeline space
Government-imposed production cuts totaling 325,000 barrels a day aren’t keeping oil from rolling down the tracks amid a pipeline bottleneck. Enbridge Inc., operator of the largest crude-export pipeline network in Canada, said Monday it would ease pipeline rationing somewhat in February. Meanwhile, Canadian Pacific Railway Ltd., one of two rail companies operating in Western Canada, may aim for 120,000-car annual load rate, John Brooks, senior vice president, said on Wednesday in an investor call.
U.S. imports of Canadian crude surged to a record 4.06 million barrels a day last week, according to the preliminary Energy Information Administration data.