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Oil by rail economics suffers amid narrowing spreads

(Source: Financial Post, February 9, 2015) OTTAWA — Rail was seen as a lifeline for Canadian oil producers in the absence of new pipelines, but narrowing spreads between Canadian oil and global benchmarks in recent months is turning the business model uneconomic in an...

Oil train safety regulations hit final stage

(Source: McClatchy News Service, February 6, 2015) WASHINGTON, D.C. — A much-anticipated regulation to improve the safety of crude oil and ethanol trains was sent to the White House for review Thursday, the final stage in a process some lawmakers and industry...