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Analysis: A narrowing Brent/WTI spread could spell doom for crude by rail

(Source: Freight Waves, August 17, 2019)

CHATTANOOGA, Tenn. — Markets in just the past few days have sent a strong signal that moving crude oil by rail may be past a point of no return. When crude oil by rail began roughly 10 years ago, it was somewhat stunning. Moving crude oil by rail had faded from the industry years ago, though ironically, the control that John D. Rockefeller and Standard Oil had over the rail shipment of petroleum in the late 19th and early 20th century was a major national issue.

Full story: Freight Waves

Monday, August 19, 2019

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