Did you guys read the article.
The Oul by Rail plan did not collapse. Right now less oil is being shipped by rail because the Hardisty price of WCS plus the cost of rail is higher than the refinery gate price. This should raise the differential until it reaches the marginal rail cost. Somewhere around $18 per barrel.
This means curtailment should be lifted slightly faster than expected. Rail will still be needed for the foreseeable future.
|