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 16, 2018 | Headlines, Oil Train
(Source: Associated Press, November 15, 2018) BISMARCK, N.D. — North Dakota oil industry leaders are pushing to loosen the state’s oil conditioning regulations, but an environmental group is arguing to tighten rules. Full story: The State
November 14, 2018 | Headlines, Oil Train
(Source: Grand Forks Herald, November 13, 2018) BISMARCK, N.D. — North Dakota oil industry leaders spoke in favor Tuesday, Nov. 13, of changing the state’s oil conditioning regulations while an environmental group argued for more stringent rules. The North Dakota...
November 12, 2018 | Headlines, Oil Train, Technology
(Source: Reuters, November 11, 2018) CALGARY — Canada’s biggest railway company says it is attracting interest from oil producers in its effort to move crude in solid, puck-like form, as clogged pipelines divert more oil to riskier rail transport. Full story: Globe...
November 12, 2018 | Headlines, Oil Train
(Source: Reuters, November 12, 2018) NEW YORK/HOUSTON — Bakken crude prices are set to weaken from already low levels in coming months, with the frigid winter in North Dakota likely to disrupt rail loadings and worsen bottlenecks as production soars, traders and...
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:...
October 31, 2018 | Canada, Headlines, Oil Train
(Source: Canadian Press, October 29, 2018) 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...
October 29, 2018 | Headlines, Oil Train
(Source: JWN Energy, October 28, 2018) CALGARY — Canadian crude by rail traffic continued to rise in August, according to new data from the National Energy Board. Carloads rose above 200,000 bbls/d for the first time in June, the NEB reported. That increased slightly...
October 25, 2018 | Headlines, Oil Train
(Source: The Narwhal, October 24, 2018) NEW YORK — It’s now been half a decade since the catastrophic Lac-Mégantic rail disaster in southern Quebec. On the night of July 6, 2013, a runaway train carrying shale oil from North Dakota exploded, killing 47 people and...
October 25, 2018 | CN, Headlines, Oil Train
(Source: Bloomberg, October 24, 2018) MONTREAL — Canadian National Railway Co. expects to set a record for crude-by-rail shipments next year as it vies with Canadian Pacific Railway Ltd. to dominate a booming market for the alternative to pipelines. Crude oil...
