Crude-by-rail – Oil & Gas 360

North Dakota to Sue Washington State Over Oil Standard for Rail Shipments

May 10, 2019

From the Associated Press/O.Canada.com BISMARCK, N.D. — North Dakota is preparing to sue Washington state over a new Washington law requiring oil shipped by rail through that state to have more of its volatile gases removed, which supporters say would reduce the risk of explosive and potentially deadly derailments. North Dakota officials say the law will make Pacific Northwest refineries

New Alberta Leader’s Vow to Scrap Rail Plan Divides Oil Patch

April 17, 2019

From Bloomberg Alberta Premier-Elect Jason Kenney’s vow to cancel his predecessor’s C$3.7 billion ($2.8 billion) plan to increase the province’s crude-by-rail capacity is dividing Canada’s oil industry, with even one of his supporters saying he should keep the program. Kenney, whose United Conservative Party won a majority of legislative seats in the province’s election on Tuesday, argued on the campaign

Canada’s Imperial Oil Resumes Shipping Crude by Rail

March 27, 2019

From Reuters Canadian crude producer Imperial Oil has recently resumed shipping crude oil by rail from its terminal in Edmonton, Alberta, because of a marginal improvement in rail economics, a company spokesman said on Tuesday. The pickup in volumes is good news for the Alberta government, which is relying on rail to help draw down crude storage inventories in Canada’s

Canadian Crude-by-Rail Exports Set Record

October 30, 2018

To eat up supply in storage RBC suggests Alberta take a royalty holiday From the Canadian Press CALGARY — Steep oil price discounts costing Alberta producers and the provincial government millions of dollars each day in lost revenue could be eased if the industry is given a temporary royalty holiday in return for producing less, according to a bank analyst.

Energy Transport Gives Canadian Pacific a Strong Q3

October 19, 2018

From FreightWaves Railroad sees better volumes in energy and other bulk freight, with road-to-rail opportunities coming next year Canadian Pacific (NYSE: CP) reported its highest quarterly revenue ever thanks to growth in energy and potash freight volumes. Third-quarter net income was the second highest its reported, as the railroad credits the business model set up by late chief executive Hunter

U.S. East Coast Refiners Cash In by the Trainload on Canadian Oil

October 2, 2018

From Reuters NEW YORK/VANCOUVER (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 volumes from Canada to East

Canada’s Crude by Rail Exports to the U.S. Hit 3-Year High

June 15, 2018

From Canadian Press Railway exports of crude oil from Western Canada are starting to increase, a welcome sign for producers who were forced to accept bigger price discounts and, in some cases, curtail production, as export pipelines filled to near capacity earlier this year. Crude-by-rail exports to the United States jumped to a three-year high in March of just over

Canada Can’t Move its Oil: Crude-by-Rail Terminals Sit Idle while Demand for Oil Grows

March 27, 2018

From Bloomberg/The Star Stranded Canadian crude is waiting for trains to take it to U.S. refineries After spending hundreds of millions of dollars building rail terminals able to handle more than a million barrels a day of oil, Canadian crude producers are discovering that all the loading capacity in the world isn’t sufficient if rail companies don’t provide enough locomotives

Crude by Rail is Down

March 11, 2016

Decreased price spread and new pipelines are decreasing crude by rail shipments The movement of crude oil by rail is down in the United States. Crude by rail shipments reached a peak in October 2014 at 928 MBOPD before trending downward, according to the EIA. Most of the shipments originated in the Midwest and went to the East Coast, West

Denial of Keystone XL Leads to More Rail Capacity for Canada’s Crude Oil

January 11, 2016

Houston-based USD Group looks to double capacity at its Hardisty, AB rail terminal Canadian crude oil is still making its way south into the U.S. despite the decision by the Obama administration to reject the project plan for TransCanada’s (ticker: TRP) Keystone XL pipeline. Most recently, Houston-based USD Group announced that it plans to double the capacity of its rail

45% of U.S. Crude Oil Imports Come from Canada

November 12, 2015

The U.S. imports almost three times as much crude from Canada than it does from the Persian Gulf Even without the 800 MBOPD capacity of TransCanada’s Keystone XL pipeline, crude oil imports from Canada make up 45% of crude shipped into the United States. As of August, imports from Canada were almost three times as much as imports from all

Crude by Rail Grows to 19% of the Rocky Mountains Crude Shipments, but Future Growth may be Limited

July 15, 2015

Crude by rail continues to grow alongside production in the Rocky Mountains As crude oil production in the Rocky Mountains, Petroleum Administration for Defense District (PADD) 4, has steadily increased, so too has the use of railways to transport crude oil from the region. Data from the Energy Information Administration shows that 122 MBOPD of crude oil was moved by

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