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Canada’s crude-by-rail reaches new record
Canada’s strong oil production and limited pipeline capacity continue to create a rising demand for crude by rail. Exports of crude by rail reached 330,402 bo/d in November, the ninth consecutive month that exports have risen to a new record, according to statistics from the National Energy Board. The record November export statistic was announced in late January after the government-mandated production cuts of 325,000 bo/d took effect on Jan. 1. The production cuts sparked a rally......
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