April 8, 2020 | DOT, Headlines, Oil Train
(Source: JD Supra, April 7, 2020) WASHINGTON, D.C. — The United States is awash in oil. The Coronavirus Pandemic has collapsed global demand and at the same time, increased oil production by Saudi Arabia and Russia has caused oil supply to surge. Facing a potential...
April 6, 2020 | Headlines, Oil Train
(Source: DeSmog Blog, April 4, 2020) NEW YORK — There are only two things that have made any real difference in protecting the public from the dangers of oil trains: activism that has stopped new infrastructure, and low oil prices. While activism is currently on hold...
April 6, 2020 | Canada, Headlines, Oil Train
(Source: Freight Waves, April 6, 2020) CHATTANOOGA, Tenn. — The Canadian government has issued new guidance that revises how fast freight trains carrying dangerous goods can go. Full story: Freight Waves
April 2, 2020 | Headlines, Oil Train
(Source: Bloomberg, April 2, 2020) NEW YORK — Oil companies are turning to rail cars to stash the crude they can’t sell, as the world runs out of places to store a growing glut of cheap barrels. Full story: Yahoo Finance
April 2, 2020 | Headlines, Oil Train
(Source: Argus Media, April 1, 2020) HOUSTON — U.S. railroad shipments of petroleum have dropped as crude and refined products prices fall to the lowest level in more than a decade. Full story: Argus Media
April 2, 2020 | Headlines, Oil Train
(Source: Bismarck Tribune, April 1, 2020) BISMARCK, N.D. — Whiting Petroleum Corp., a major Bakken oil producer, is filing for Chapter 11 bankruptcy. The Denver-based company cited the “severe downturn in oil and gas prices driven by uncertainty around the duration of...
April 2, 2020 | Canada, Headlines, Oil Train
(Source: Reuters, April 2, 2020) CALGARY — Canadian integrated oil and natural gas company Cenovus Energy said on Thursday it would reduce its full-year capital spending by another C$150 million ($106 million) and suspend its dividend, citing low global oil prices....
March 31, 2020 | Headlines, Oil Train
(Source: CNBC, March 30, 2020) NEW YORK — A pint of good beer up in Canada will probably cost you about $5 bucks. You can now get a barrel of oil for less than that. Full story: CNBC
March 27, 2020 | Headlines, Oil Train
(Source: The Chemical Engineer, March 26, 2020) LONDON — In 2008, a sharp increase in hydraulic fracturing (“fracking”) sent crude oil production in North America soaring. Production quickly outgrew existing pipeline capacity and saw record volumes of crude oil being...
March 26, 2020 | Canada, Headlines, Oil Train
(Source: Canadian Press, March 20, 2020) CALGARY — Canadian crude-by-rail exports hit a record high in January but observers say they’ve likely fallen since then and stand to plummet even further as low oil prices force producers to cut growth spending and shut in...
