New NEB Figures Show Crude-by-rail Exports Plunging So Far This Year

Darpan News Desk The Canadian Press, 27 Aug, 2015 12:03 PM

CALGARY — New figures compiled by the National Energy Board show a sharp decline in the amount of crude exported by rail so far this year.

Nearly 84,000 barrels a day moved south of the border on trains in the second quarter.

But that's about 30 per cent less than the nearly 120,000 barrels a day that were exported by rail in the first quarter.

It's an even sharper drop from the roughly 159,000 barrels a day in the last three months of 2014.

The plunge in crude-by-rail exports comes amid a severe weakening in crude prices — from above US$107 a barrel around the middle of last year to roughly US$40 now.

Rail is a more expensive mode of transport than pipelines.

Prev Next

MORE National ARTICLES

Advisory Remains: Tests On Saskatchewan City's Water Could Be Completed Tuesday

The Saskatchewan city of North Battleford says a precautionary drinking-water advisory remains in effect as officials wait for more test results.

Advisory Remains: Tests On Saskatchewan City's Water Could Be Completed Tuesday

Safeway Urges Consumers In Five Provinces To Throw Out Cooked Chicken Wings

Safeway is recalling several varieties of store-packaged, cooked chicken wings over concerns they may be contaminated with a toxin-producing bacteria.

Safeway Urges Consumers In Five Provinces To Throw Out Cooked Chicken Wings

Former KGB Worker Mikhail Lennikov Voluntarily Leaves Canada After 6 Years Avoiding Deportation

VANCOUVER — A former KGB agent who spent six years living inside a Vancouver church to avoid deportation has voluntarily left Canada.

Former KGB Worker Mikhail Lennikov Voluntarily Leaves Canada After 6 Years Avoiding Deportation

Some B.C. Residents Can Relax As Crews Make Progress Corralling Two Wildfires

Crews are making good progress on a pair of wildfires burning in the south Okanagan near Oliver, B.C., south of Penticton.

Some B.C. Residents Can Relax As Crews Make Progress Corralling Two Wildfires

Canadian Reporter Once Jailed In Egypt Says Anti-Terror Law Enshrines Unjust System

A Canadian journalist branded as a terrorist by the Egyptian government says new laws passed in the country today make it likely that other reporters will meet the same fate.

Canadian Reporter Once Jailed In Egypt Says Anti-Terror Law Enshrines Unjust System

Western Canada Feeling Twin Pains Of Low Crude And High Gas Prices

CALGARY — Western Canada is being hit with the twin pains of the lowest prices for heavy crude in years alongside a significant spike in gasoline prices following a shutdown at a major U.S. refinery.