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Railways reduce shipping load due to drop in oil prices - The Globe and Mail
South China Morning Post (subscription) | Railways reduce shipping load due to drop in oil prices The Globe and Mail The cost of shipping a barrel of oil by train can be as much as $22 (U.S.), depending on the destination, double that of pipelines and often exceeding the profits traders count on by buying oil in Alberta and selling it for a higher price to a refinery ... Oil groups struggle on UK's junior market Oil's low share of China's energy mix means full impact yet to be felt The economics of falling oil prices |
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