SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Dino's Bar & Grill
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Goose94 who wrote (44702)6/15/2018 8:53:01 AM
From: Goose94Read Replies (2) of 203382
 
Canadian National Railway (CNR-T) No pipelines EH!!! Exports of crude oil from Western Canada are starting to increase.

Crude-by-rail exports to the United States jumped to a three-year high in March of just over 170,000 barrels per day, the highest since December, 2014, and an increase from 134,000 bpd in February, the National Energy Board reported.

Sending oil by rail is more expensive than by pipeline but is considered a vital option to get Canadian oil to U.S. refineries as delays continue to plague planned new export pipelines. IHS Markit's Kevin Birn says, "Going into the fall, we expect the pressure to build on the system and you should have a greater uptick in crude-by-rail."

Market access constraints due to full oil export pipelines have been blamed for volatility in discounts paid for benchmark Western Canadian Select. WCS normally sells for $14 (U.S.) to $16 (U.S.) per barrel less than West Texas Intermediate -- due to quality differences and transport costs -- but that difference in $23 (U.S.) per barrel in March. The discount has narrowed recently because several big producers cut output while performing planned maintenance.

TSB set to release report on Gogama train derailment northernontario.ctvnews.ca
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News