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Canadian Railroads > Alberta, CN, and CP discuss oil by rail, again
Date: 06/13/19 14:09
Alberta, CN, and CP discuss oil by rail, again
The new provincial government has conducted private talks with Canadian National and Canadian Pacific about taking over the (former) government's crude oil by rail program. That program would have provided services at above current prices. The new government wants to change that deal, but wants to expand Alberta's export options.
Alberta's export of oil is hampered by limited pipeline capacity, and continuing difficulty with rail capacity.
Date: 06/27/19 13:35
Re: Alberta, CN, and CP discuss oil by rail, again
Alberta has raised the shipping limit by about 5%
In likely related news, the trade press notes that storage rates for crude in Alberta have gone through the roof. So, folks with storage, such as tank cars and real storage tanks, are making a bundle. Buying steeply discounted oil, and holding it in your own facility. Or renting your facility to would-be shippers who can't ship.