Canadian crude-by-rail growth slows as low oil prices bite
Canadian crude-by-rail exports dipped in the fourth quarter from the previous three-month period, National Energy Board data showed on Thursday, as poor netbacks deterred some shippers from loading barrels onto trains bound for U.S. markets.
Canada exported 173,342 barrels per day of crude by rail between October and December last year, down 5 percent from 182,396 bpd shipped across the border in the third quarter.
However, fourth-quarter rail exports were still 16 percent higher than the same period a year earlier.
Canada's largest producer, Suncor Energy, no longer ships crude by rail from northern Alberta to the U.S. Gulf Coast, despite strong demand for Canadian heavy crude in North America's largest refining area.
The journey is no longer economic, Suncor Chief Executive Steve Wil
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