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Crude-by-Rail Exports Dip in Fourth Quarter: National Energy Board

Posted March 09, 2015

(Lauren Krugel – Canadian Press)

Canada's crude-by-rail exports dropped in the final three months of last year as oil prices shrivelled, according to new data from the National Energy Board.

During the fourth quarter, about 173,000 barrels of oil moved south of the border on trains every day, around 5% less than the third quarter, when the figure was about 182,000 barrels a day. But that's still 16% higher than the 149,000 barrels a day that moved during the last three months of 2013.

Crude prices deteriorated throughout the latter half of 2014, with the decline intensifying toward the end of the year – from June highs above US$107 a barrel to less than half that. The April contract for U.S. benchmark crude was below US$50 on Friday. Click here to read more.

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