New York-Canadian producer Imperial Oil expects to see lower crude- by-rail volumes in the third quarter 2019 as volatile price differentials weigh on economic incentives, company executives said Friday. “Our outlook for August and September is we will ramp down rail because it is not economic to move those barrels,” Imperial president and CEO Richard Kruger said in a company earnings call Friday. July volumes would be on par with June, he added.
展开▼