Refiner goes belly-up after big payouts to Carlyle Group
Throughout 2016 and 2017, a rail terminal built to accept crude oil for the largest East Coast refinery often sat idle, with few trains showing up to unload. Although little Continue Reading
Rail gains steam in race to supply Mexico with U.S. fuel
A big winner from surging imports of energy products into Mexico from the United States is the rail industry, benefiting from weak pipeline systems beset by a lack of connectivity, Continue Reading
Canada crude-by-rail exports to U.S. rise to six-month high
Canadian crude-by-rail exports to the United States climbed to a six-month high of 137,000 barrels per day in October, data from the National Energy Board showed on Friday, the latest Continue Reading
Canadian Producers Struggle To Find Transport Oil Cargo
“It’s hard for the railroads to change their operating plan really quickly,” Steve Owens, rail analyst at IHS Markit, said in a phone interview with World Oil. “There are equipment Continue Reading
Coal has no future, says US railroad boss
One of the largest haulers of US coal says fossil fuels have no future, despite pledges to the contrary from President Donald Trump. CSX, a freight railroad company with origins Continue Reading
Oil Trains Remain Industry’s Long-term Plan for Shipping to West Coast
Despite a string of recent successes by West Coast communities to block the construction of oil-by-rail facilities, the oil industry has no plans to give up using rail to move Continue Reading
Argentina plans railway to help lower shale drilling costs
Argentina’s national government is in the preparatory stages for equipping an aging railway and laying new train tracks to service the Vaca Muerta shale play. Jorge Ocampos, a legislator in Continue Reading
Canada phasing out some oil railcars early
Getting older rail cars that carry crude oil out of service quicker means eliminating the weakest link in the chain of safety, the Canadian government said. Canadian Transport Minister Marc Continue Reading
Crude Slump, Pipeline Expansion Mark End of U.S. Oil-Train Boom
Even at its height in 2014, crude-by-rail accounted for less than 2% of total rail… The oil-train boom is waning almost as quickly as it began. Rail became a major Continue Reading
U.S. regulators propose information sharing on crude-carrying trains
U.S. regulators on Wednesday proposed a rule on trains carrying crude that requires railroads to share information on the shipments with local governments and emergency responders, a month after a Continue Reading