Canada's Oil Delivery Options Evolving

March 26, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Canadian deliveries of crude oil by rail are at historic lows, though the nation is on the cusp of breaking a landlock that leaves much of its volume isolated to North America.

While its production levels are not as high as many of its peers, Canada has the world's fourth-largest proved oil reserves, with 168 billion barrels found mostly in its oil sands. Only Iran, Saudi Arabia and Venezuela boast larger volumes of proved reserves.