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

B.C. Judge Orders Insurance Company To Pay Up After Arson Destroys Grow-op Home

Wawanesa Insurance Co. denied benefits to Steven Davidson, arguing he knew about the grow-op in the basement of his house.

B.C. Judge Orders Insurance Company To Pay Up After Arson Destroys Grow-op Home

Huge Wildfire Tears Through Grass, Timber, Near BC's South-Central Border

ROCK CREEK, B.C. — Hundreds of people have been forced from their homes and campsites by an aggressive wildfire in B.C.'s Boundary region.

Huge Wildfire Tears Through Grass, Timber, Near BC's South-Central Border

Phone Outage Hampering RCMP In Northern Part Of The Northwest Territories

RCMP in Yellowknife say a telephone outage in the northern part of the Northwest Territories means people who need help may have to go to their local detachments for assistance.

Phone Outage Hampering RCMP In Northern Part Of The Northwest Territories

Fire In South B.C. Forces Evacuation Of 200 People Including Campground

ROCK CREEK, B.C. — Hundreds of people have fled an aggressive fire in British Columbia's southern Interior, including stunned campers who ran from a park with only the clothes on their backs.

Fire In South B.C. Forces Evacuation Of 200 People Including Campground

Indo-Canadian Renu Mandhane To Lead Ontario Human Rights Commission

An Indo-Canadian international human rights law expert is set to be the next chief commissioner of the Ontario Human Rights Commission, a media report said.

Indo-Canadian Renu Mandhane To Lead Ontario Human Rights Commission

Ex-Ontario Premier David Peterson Subject Of Sexual Harassment Lawsuit

TORONTO — A female manager with the Pan and Parapan American Games alleges in a lawsuit filed Thursday that she was sexually harassed by former Ontario premier and TO2015 chairman David Peterson.