Executive Says Canada Expects More Oil by Rail
Crude oil deliveries by rail are expected to increase, Canadian Pacific Executive Vice President Jane O’Hagan said in a third-quarter statement.
“Over time we will see increasing volumes of heavy crude moving with different economics and drivers of demand than the lighter Bakken crude that we predominately move today,” O’Hagan said Wednesday, the Platts energy news service reported.
The Bakken shale formation is spread out over parts of U.S.-Canadian border. It is a different grade from the heavier oil found in the Athabasca region in Alberta province.
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