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Canadian oil prices reach 12-month high

(Source: www.oilprice.com, January 8, 2019) SAN FRANCISCO, Calif. — Canadian crude oil hit the highest price level in more than a year on growth in oil-by-rail shipments, Bloomberg reports based on data about price movements for the commodity it had compiled. Full...

Canada is producing more oil than it can handle

(Source: www.rt.com, January 2, 2019) Western Canada is producing 365,000 bpd more crude oil that current pipeline capacity can handle, a new report from the National Energy Board has revealed. According to the authority, as of September, Western Canada produced a...