• Sign up for the Daily Digest E-mail
  • Facebook
  • Twitter
  • LinkedIn

BOE Report

Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Featured Companies
    • Columns
    • Discussions
  • Well Activity
    • Well Licences
    • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAOEC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Oil Market Data
    • Canada NG Market Data
    • USA Market Data
    • Data Downloads
  • Jobs

Canadian crude-by-rail exports rise to new record of 229,544 bpd in August

October 29, 20189:29 AM The Canadian Press0 Comments

CALGARY – The National Energy Board says crude-by-rail exports from Canada rose to a record 229,544 barrels per day in August.

That’s up more than 11 per cent from 206,624 bpd in July and 91 per cent from just under 120,000 bpd in August 2017.

Pipeline export constraints are being blamed for a glut of oil in Western Canada that have caused the price discount to peak at more than US$50 per barrel for Western Canadian Select oilsands blend versus New York benchmark West Texas Intermediate.

Last week, Alberta Premier Rachel Notley called on Ottawa to work to increase capacity for oil on rail as a “short- to medium-term” solution to improve market access, arguing the low prices are hurting governments as well as producers.

Canada’s railroads have been reluctant to add locomotives and crews to move oil unless producers sign long-term contracts because they fear those customers will disappear as soon as pipeline capacity, considered to be cheaper and safer, is available.

Oilsands producer Cenovus Energy Inc. announced recently it had signed long-term deals to move 100,000 bpd of its own heavy crude oil on Canadian railways to the U.S. Gulf Coast to be refined.

Companies in this story: (TSX:CVE)

Cenovus

Follow the BOE Report
  • Facebook
  • Twitter
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • G7 seeks to curb Russian oil income through price cap
  • U.S. natgas futures slip 2% to fresh 11-week low on rising output
  • Oil slightly slides as G7 debate Iran nuclear deal, Russia
  • New campaign urges G7 leaders to address energy crisis by telling Canada to step up and develop our resources
  • Prairie Provident announces new board member

Return to Home
Alberta Gas
CAD/GJ
Market Data by TradingView

    Report Error





    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    • Editorial Policy
    Resources
    • App
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contribute
    • Contact
    • Report Error
    Featured In
    • CamTrader
    • Rigger Talk
    Data Partner
    • Foxterra
    BOE Network
    © 2022 Grobes Media Inc.