Volumes of crude oil shipped in railcars across North America have been declining steadily and will likely plunge further as low oil prices and tight price spreads make rail an even less affordable transportation option. Analysts at investment bank Citi say crude-byrail volumes - which exceeded 1 million barrels per day in early 2015 - could fall to as low as 100,000 b/d by the end of next year because of a combination of lower domestic production and unfavorable economics.
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