​Canadian crude by rail traffic hits another record

Image: Equinor

Canadian crude by rail traffic continued to rise in August, according to new data from the National Energy Board.

Carloads rose above 200,000 bbls/d for the first time in June, the NEB reported. That increased slightly again in July to approximately 206,000 bbls/d and 229,554 bbls/d in August.

Analysts with Peters & Co said in September that traffic has risen to approximately 300,000 bbls/d.

The investment dealer expects operators will need to move approximately 500,000 bbls/d of crude out of Canada using rail in 2019 as pipelines remain full.

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