Government, Business, Fuel

Keystone Has Leaked More Oil Than Any Other US Pipeline Since 2010

The early December oil spill in Kansas means that TC Energy Corp.’s Keystone pipeline has now leaked more crude oil than any other conduit on U.S. land in the past 12 years.

Robert Tuttle | Bloomberg News
December 12, 2022
Government, Business, Technology

Port Traffic Jam May Be to Blame in California Oil Spill

An unremitting shipping logjam in the waters outside of Los Angeles already has contributed to higher costs, delays and intermittent goods shortages across the U.S. Now, it could be to blame for California’s biggest oil spill in 27 years.

Robert Tuttle | Bloomberg News
October 7, 2021
Government, Business, Fuel, Logistics

Chinese Revival Draws Rare Shipments of Alaskan, Canadian Oil

Canadian and Alaskan crude that normally travels to the U.S. West Coast is finding a market in China, where demand is almost back to pre-pandemic levels.

Robert Tuttle | Bloomberg News
May 20, 2020
Government, Business, Fuel

Oil Drops to 18-Year Low on Record Demand Collapse

Oil plunged to the lowest in two decades amid a record collapse in U.S. fuel demand and the biggest-ever weekly build in domestic crude supplies.

Robert Tuttle | Bloomberg News
April 15, 2020
Government, Business, Fuel

Canadian Crude Now Costs More to Ship Than to Buy

Canadian heavy crude has become so cheap that the cost of shipping it to refineries exceeds the value of the oil itself, a situation that may result in even more oil-sands producers shutting operations.

Robert Tuttle | Bloomberg News
March 27, 2020
Government, Business, Fuel

Canadian Oil Prices Bounce Back From One-Year Low

Canadian crude rebounded from a one-year low after inventories fell and Alberta’s premier pledged to defend prices.

Robert Tuttle | Bloomberg News
January 29, 2020
Government, Business, Fuel, Logistics

Canadian Crude-by-Rail Shipments to Surge, Spurring Investment

Canadian shipments of crude by rail are poised to surge next year, spurring investment in new export infrastructure.

Robert Tuttle | Bloomberg News
December 19, 2019
Government, Business, Fuel

Pipelines Add Room on ‘Unrelenting’ Demand for Canada’s Oil

U.S. refiners want more Canadian oil, and pipeline companies are finding ways to get it to them. Companies are adding space to their congested oil export pipelines from Canada even as plans for bigger expansions and new lines face delays.

Robert Tuttle | Bloomberg News
August 2, 2019
Business, Fuel, Logistics

Railcar Loads for Canadian Oil Hit Record Amid Pipeline Bottleneck

Heavy Canadian crude isn’t getting cheaper, but that hasn’t stopped companies from splurging on costly rail shipments.

Robert Tuttle | Bloomberg News
January 24, 2019
Government, Business, Fuel

Canadian Producers Turn to Oil Trucks as Supply Glut Grows

Tanker trucks laden with oil are journeying almost 500 miles to pipeline and rail terminals. It’s a phenomenon that Ken Boettcher, president of Three Star Trucking Ltd. in Alida, Saskatchewan, started to see three or four months ago when oil shippers around Kindersley, near the Alberta border, began requesting trucks to move their crude, in some cases, as far south as North Dakota.

Robert Tuttle | Bloomberg News
October 31, 2018