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

Experts Disagree On Whether Canada's Drone Regulations Are Too Permissive

People have been increasingly taking to the skies now that recreational drones are more affordable than ever.

Experts Disagree On Whether Canada's Drone Regulations Are Too Permissive

Some Okanagan Residents Forced To Flee Fires Are Being Allowed To Return

The Regional District of Okanagan-Similkameen says residents on the outskirts of Oliver who were ordered to leave on Friday because of the Wilson Mountain fire were allowed to go home Saturday.

Some Okanagan Residents Forced To Flee Fires Are Being Allowed To Return

Queen Mary 2 Abandons Search For Missing Crew Member Off Newfoundland

ST. JOHN'S, N.L. — The Queen Mary 2 called off the search for a crew member late Saturday after he went overboard off the coast of Newfoundland.

Queen Mary 2 Abandons Search For Missing Crew Member Off Newfoundland

Critics Say Government Should Pay Air Ambulance Bill After Hospital Service Cuts

TORONTO — Critics say the Ontario government should pay the bill when patients are forced to take air or ground ambulances because their local hospital doesn't offer the service or treatment they need.

Critics Say Government Should Pay Air Ambulance Bill After Hospital Service Cuts

Music Too Loud, Won't Cut The Grass? Experts Weigh In On Neighbour Disputes

TORONTO — Many would consider the sound of kids gleefully playing outdoors a natural soundtrack of the summer.

Music Too Loud, Won't Cut The Grass? Experts Weigh In On Neighbour Disputes

'Flipped' Classroom Sees Kids Do Homework At School After Watching Online Videos

As Canadian kids prepare to head back to school, there's a growing movement gaining traction across the country that involves students learning their lessons at home and doing their homework at school.