December 11, 2018 | Canada, Headlines, Oil Train
(Source: GlobalNews.ca, December 9, 2018) OTTAWA — Intergovernmental Affairs Minister Dominic LeBlanc says that the federal government is willing to consider buying tanker cars to help Alberta move oil by rail but isn’t ready to commit to such a plan just yet. Full...
December 7, 2018 | Canada, Headlines, Oil Train
(Source: CBC News, December 6, 2018) OTTAWA — Prime Minister Justin Trudeau says he is willing to consider helping Alberta Premier Rachel Notley fund the purchase of rail cars to increase the volume of oil her province can ship to international markets. Full story:...
December 6, 2018 | Canada, Headlines, Oil Train
(Source: Reuters, December 5, 2018) VANCOUVER — Alberta’s decision to mandate output cuts to reduce a supply glut will have negative effects on North American producers of lighter oil used for blending and U.S. refiners importing crude via rail, even as several major...
November 27, 2018 | Canada, Headlines, Oil Train
(Source: Canadian Press, November 21, 2018) CALGARY — The National Energy Board says crude-by-rail exports from Canada rose to a record 269,829 barrels per day in September. That’s up more than 17 per cent from 229,544 in August and just over double the 134,132...
November 27, 2018 | Canada, Headlines, Oil Train
(Source: Common Dreams, November 24, 2018) TORONTO — The crash of that runaway train, with 72 cars carrying almost 10,000 tons of highly combustible oil, was rooted in dozens of decisions by Canadian political leaders that reduced Ottawa’s role in overseeing rail...
November 26, 2018 | Canada, Headlines, Oil Train
(Source: Huffington Post Canada, November 21, 2018) OTTAWA — According to Statistics Canada, the volume of oil on Canada’s railroads has soared by 64.6 per cent in just the past year. And in the past seven years, the number of rail cars carrying oil across...
November 21, 2018 | Canada, Headlines, Oil Train
(Source: Bloomberg, November 21, 2018) NEW YORK — While the U.S. oil industry has hit a speed bump with the recent $20 drop in oil prices in New York, producers in Canada are in a full-blown crisis. Heavy Canadian crude has been on a downward spiral since mid-May,...
November 19, 2018 | Canada, Headlines, Oil Train
(Source: Bloomberg, November 16, 2018) CALGARY — Canadian heavy crude prices rallied Friday as U.S. refinery demand rises and increased volumes are shipped by rail car. Heavy Western Canadian Select’s discount to West Texas Intermediate futures narrowed to $39.25/bbl,...
November 1, 2018 | Canada, Headlines, Oil Train
(Source: Reuters, October 31, 2018) CALGARY, Alberta — Canadian oil producer Cenovus Energy Inc. is considering further expansion of its agreements to move crude by rail on Canada’s two major railways, its chief executive said on Wednesday. Full story:...
November 1, 2018 | Canada, Headlines
(Source: Canadian Press, October 29, 2018) OTTAWA — Fatigue is prevalent in rail, marine and air transportation, the Transportation Safety Board reported on Monday, and it called for “profound change” including to views held by management and workers. The...
