Canadian National Railway Co. (TSX:CNR) and Tundra Energy Marketing Ltd. announced that they will be constructing a crude oil rail car loading terminal close to Cromer, Manitoba. The terminal will be used by companies producing Bakken crude oil in Manitoba and Saskatchewan.
Articles Tagged "terminal"
StatoilHydro declared it has signed a deal to purchase South Riding Point crude oil terminal in the Bahamas for $263.2M. For full story, click here
Recent dismal economic data and growing U.S. inventories kept oil prices below $50 a barrel Friday despite hopes of a possible second-half recovery in crude demand. Benchmark crude for May delivery fell 40 cents to $49.58 a barrel by Noon in European electronic trading on the New York Mercantile Exchange. The contract on Thursday rose 73 cents to settle at $49.98.
The Drift River oil terminal at the base of Mount Redoubt announced that it has moved forward with plans to draw down crude oil. For full story, click here