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Alberta's oil cuts could hit light oil producers, rail shipments

Reuters  |  VANCOUVER 

By Julie GordonVANCOUVER (Reuters) - Alberta's decision to mandate output cuts to reduce a supply glut will have negative effects on North American producers of lighter oil used for blending and U.S. refiners importing crude via rail, even as several major Canadian energy companies cheered the move.Canada's oil production is at a record 4.6 million barrels a day, but producers cannot get oil to market because the pipelines that cross into the United States are full. Pipeline construction, particularly in Canada, has not kept up with record output. Shippers and refiners are moving ...

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First Published: Wed, December 05 2018. 20:57 IST