Newspaper article The Canadian Press

Canadian Crude-by-Rail Exports Rise to Record High in April, NEB Reports

Newspaper article The Canadian Press

Canadian Crude-by-Rail Exports Rise to Record High in April, NEB Reports

Article excerpt

Crude-by-rail exports rise to record high

--

CALGARY - The National Energy Board says crude-by-rail exports from Canada grew to a record 193,500 barrels per day in April, up 13 per cent from the previous month, as full pipelines forced more producers to use trains to get their products to market.

The oil shipping tally beat the previous record of nearly 179,000 bpd in September 2014 and was well ahead of the 150,000 bpd moved in April 2017.

Andrew Botterill, a partner with accounting firm Deloitte, says he expects rail shipments will continue to grow this year.

He says the increased use of rail will allow prices for Western Canadian Select bitumen-blend crude oil to strengthen as compared with New York benchmark West Texas Intermediate crude. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.