Canadian crude Archives - Maritime Shipping News

CP, KCS now shipping heavy Canadian crude to Gulf Coast

16 December 2021

The bitumen-by-rail project to produce and transport a type of heavy Canadian crude oil to the U.S. Gulf Coast is now fully operational, according to project organizers US Development Group (USD) and Gibson Energy.

USD and Gibson partnered to create a diluent recovery unit (DRU) to produce bitumen, a crude oil that has been altered in such a way that it can be categorized as a nonhazardous material for transport, per U.S. and Canadian regulatory standards.

The Hardisty Energy Terminal near...

https://www.freightwaves.com/news/cp-kcs-now-shipping-heavy-canadian-crude-to-gulf-coast

What Keystone pipeline cancellation means for crude-by-rail

15 February 2021

A photograph of tank cars parked in a rail yard.

President Joe Biden’s revocation of the March 2019 permit enabling the construction of the Keystone XL pipeline will likely result in more crude-by-rail volumes, according to industry observers. But how much volumes will increase could largely depend on the price that heavy crude oil can fetch in the global market.

“The cancellation of the Keystone pipeline project was inevitable once the government changed. Despite its merits or drawbacks, it is now a deflated political football,” said Barry...

https://s29755.pcdn.co/news/what-keystone-pipeline-cancellation-means-for-crude-by-rail

Social risk trumps financial risk for Canadian crude-by-rail

10 November 2020

Shipments of Canadian heavy crude oil via rail in 2021 are likely to be below the volume peaks that occurred at the beginning of 2020, credit ratings firm Moody’s Investors Service said in a Monday note related to Canadian crude-by-rail. This means that the Canadian railways could see decreased revenue coming from crude-by-rail in 2021.

That said, the social risks to haul crude-by-rail are more costly than the financial risks for Canadian Pacific (NYSE: CP) and CN (NYSE: CNI), Moody’s said....

https://www.freightwaves.com/news/social-risk-trumps-financial-risk-for-canadian-crude-by-rail