The Crude Report: Asian heavy demand lures Canadian railcars, US exports
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Transportation arbitrage economics from Canada to the US Gulf coast began improving in the back half of 2020 as international demand for Canadian heavy crude oil grades picked up. In this episode of The Crude Report, our reporters Alex Endress and Brett Holmes discuss the resulting lift in domestic prices which could support a return to crude-by-rail demand in 2021 and how Canadian crude is becoming more competitive on the global landscape.
