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Posts published in “Day: October 2, 2018”

U.S. East Coast refiners cash in by the trainload on Canadian oil

NEW YORK/VANCOUVER, Oct 2 (Reuters) - U.S. East Coast oil refiners are ramping up rail deliveries of crude from Western Canada, grabbing stranded barrels that full pipelines have driven to a record discount. That trend is expected to accelerate, as prices will remain weak, with no new Canadian export pipelines expected until late 2019. Rail…