Canadian oil production will rise by nearly 75 percent to 5.8 million barrels per day by 2035, the country’s National Energy Board (NEB) said in a report on Thursday, assuming the infrastructure is built to transport crude to export markets. The NEB, Canada’s energy regulator, said the discount on Canadian crude versus the West Texas Intermediate benchmark will likely remain volatile if extra takeaway capacity is not built, potentially affecting production growth. Congested pipelines and booming production mean Canadian crude tends to get bottlenecked in Alberta, pushing prices lower. Western Canada Select, the benchmark heavy crude blend, traded as low as $41.50 per barrel below WTI earlier this month. Throughout 2011 and 2012 the WCS price traded on average nearly $19 per barrel below the WTI. “A key assumption in this analysis is that there will be sufficient infrastructure to deliver […]