Canada's crude-by-rail exports reach eight-year low

Canadian exports of crude oil by rail fell to 42,820 barrels per day in June, an eight-year low, according to a report by Kallanish Energy.

Citing Canada Energy Regulator data, the energy news outlet reported that June's total shipments were the lowest since June 2012, when volume moved was 33,758 barrels per day.

Total volume of crude oil moved by rail in June totaled 1.284 million barrels. Oil demand and prices remain low in the wake of the COVID-19 pandemic, the report stated.

Canadian exports of crude by rail totaled 58,048 barrels per day in May and 156,242 barrels in April.