(Source: Bloomberg, July 26, 2018)
WASHINGTON, D.C. — Canada’s improved pipeline picture may be a boon to the nation’s oil patch in a few years, but that expected good fortune is hurting efforts to move more crude in the near term. That’s because the increased prospects of three major pipelines for Canadian oil starting service in the coming years are making producers more reluctant to strike the longer-term deals that rail companies are seeking, according to Cenovus Energy Inc. Chief Executive Officer Alex Pourbaix.
Full story: Bloomberg