Shippers turn to rail, barge and truck amid pipeline squeeze

February 13, 2012

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Western Canadian blends of crude oil have been battered in the U.S. Midwest amid surging production growth from oilfields in North Dakota and recent refinery outages. The price drubbing, which has seen Western Canada Select trade at a US$30-plus discount to benchmark West Texas intermediate, has highlighted the fact that the oil glut at Cushing, Oklahoma, has not yet been resolved. Below is a look at the cost of shipping a barrel of oil by pipeline, rail, barge and truck.

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