3rd Annual Canadian Crude Markets & Rail Takeaway Summit 2014

Organization: Canadian Business Conferences

Venue: calgary telus convention centre s

Location: Calgary, Alberta, Canada

Event Date/Time: Sep 24, 2014 End Date/Time: Sep 25, 2014
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Today, approximately 800 tank cars move 550,000 barrels of crude oil move on Canadian railways a day. By the end of this year, that figure is expected to top 1,000,000 barrels per day. But the wave of high profile crude by rail accidents is threatening to compress the 2.6 million barrels per day of Canadian crude oil exported per year and cramp a mode of transport that has grown exponentially during the boom in production from oil sands and WCSB shale.   With only around 14,000 cars having been purpose built so far to new safety improvements, retrofitting all older tank cars will mean shippers are likely to incur an additional 20-40 cents per barrel to crude by rail costs, adding up to a cost of $30,000 to $60,000 per car. Sidelining older DOT-111s will also depress Canadian oil prices at the wellhead as producers compete for insufficient pipeline capacity. 2013 saw heavy Canadian crude being traded as low as $40 per barrel below U.S. benchmark prices.   Meanwhile, just as these transportation costs rise, there is an increasing drive towards finding new markets for Canadian crude, both in on the West Coast, East Coast and Gulf Coast as well as to waterborne export markets.   Canadian E&Ps, crude traders, railroad operators, and transloaders are therefore highly concerned with how they can access the most profitable markets for their crude in the context of new rail safety requirements, and how they can identify the market destinations that will offer the best netbacks.   In the wake of these new rail safety requirements and the context of delayed Keystone XL approvals, constrained pipeline capacity, and discounted prices for Canadian crude in US markets, it is vital that each of these stakeholders focus on developing Canadian crude markets beyond traditional US markets and find solutions to overcome the challenges of rail takeaway capacity and pipeline infrastructure.   For this reason, the 3rd Annual Canadian Crude Markets & Rail Takeaway Summit 2014 has been purposely designed to bring together speakers from every key stakeholder group, including E&Ps, crude shippers, railroad operators, transloaders, rail car manufacturers and refiners to evaluate opportunities for gaining access to lucrative markets in the Gulf Coast, West Coast, East Coast and waterborne export markets and outline rail and pipeline takeaway options for Canadian Heavy and Light crude.  


120 Ninth Avenue SE


Canadian Business Conferences