Canadian crude-by-rail exports edged higher to a record in November, topping the 300,000 b/d level for only the second time since the government has kept statistics on shipments. Exports by rail from Canada averaged 330,402 b/d in November, up 3,173 b/d from the previous record in October, according to the latest figures from the country’s National Energy Board. Crude-by-rail exports, which topped 200,000 b/d for the first time in June, probably reached around 350,000 b/d in December, according to energy-focused investment bank Tudor, Pickering Holt. The record November export figures come amid government-mandated production cuts of around 325,000 b/d that took effect January 1. The production cuts sparked a price rally for Western Canadian Select, the benchmark heavy crude, that saw its differential gain more than $44/b from October 11 to a recent high of […]