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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (54119)2/1/2019 1:03:16 PM
From: Goose94Read Replies (1) of 203382
 
Crude Oil: U.S. shipping crude oil by rail waned in importance over the past few years, but more recently has started to make a comeback as pipelines reach capacity. In October 2018, the U.S. saw 718,000 bpd shipped on railways, up 88 percent from a year earlier. Crude-by-rail shipments peaked in October 2014 at 1.1 mb/d. The uptick is the result of the bottleneck from Canada, which imposed painful discounts on Canadian oil.
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