Canada is sending a record amount of oil to the U.S., filling pipelines to capacity and threatening to push more crude into rail cars. U.S. imports from its northern neighbour jumped 17 per cent to 3.46 million barrels a day last week, the U.S. Energy Information Administration said Wednesday in a preliminary report. That’s the most since the agency began collecting such data in 2010. Exports have surged as Alberta recovers from wildfires that disrupted supplies earlier this year. Supplies from the oil sands are piling up as producers bring back output and projects that had been delayed by the fires come online.
Sheela Tobben and Robert Tuttle – Bloomberg News – September 23, 2016.
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