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Canadian oil by rail surges 87% in November 2020

by yyctimes
January 25, 2021
in Calgary
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Canadian exports of crude oil by rail jumped 87 per cent in November as oil manufacturing rose in Western Canada amid restricted pipeline capability for heavy crude.

The Canada Vitality Regulator says rail shipments of oil amounted to 173,000 barrels per day, up about 80,000 bpd from 92,800 barrels per day in October.

That is down from 302,300 barrels per day shipped by rail in November 2019.

Crude-by-rail numbers have been unstable up to now 12 months, with shipments rising to a report 412,000 bpd final February, then falling to an eight-year low of 39,000 bpd in July.

Rail transportation of crude oil is taken into account to be dearer than delivery by pipeline so shippers have a tendency to make use of it solely when pipelines are full or if the vacation spot market provides a lot larger costs than might be achieved in Canada.

The CER says total Canadian crude oil exports in November got here to three.74 million bpd, up by virtually 5 per cent from 3.57 million bpd in October.



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