No pipeline, no problem as oil sands hit the railroad

Rail-car loadings hit a record 356,000 barrels a day in the week ended Jan. 11, up from a daily average of 296,000 barrels in December, according to Genscape Inc., which monitors some of the larger crude-by-rail terminals in Western Canada. The surge comes even heavy Western Canadian Select’s discount to the U.S. benchmark reaches a level that makes rail transport inefficient

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Published on January 25, 2019