Genscape: rail delivered crude price assessments

Genscape’s PetroRail Report, the crude-by-rail sector’s leading newsletter publication, now features seven new price assessments for physical crude oil delivered by rail into the most significant market destinations.

The new Genscape Rail Delivered Crude Price Assessments – for railed crude delivered into Albany, NY, Philadelphia, PA, Yorktown, VA, St. James, LA, Houston, TX, and Anacortes, WA – are made using Genscape’s proprietary Crude Differential Assessments for the price of Bakken crude at rail terminals in North Dakota as well as in Western Canadian Select at Hardisty.

The Rail Delivered Crude Price Assessments show the price of Bakken and Western Canadian Select physical crude delivered into the main destination regions for railed crude using Genscape’s weekly proprietary crude-by-rail transportation cost assessments, including railroad cost and tank-car leasing rate assessments. The information and market intelligence for the assessments is gathered by surveying a wide range of crude-by-rail market participants. Further detailed methodology on the new range of assessments is available to subscribers via the Genscape dashboard.

“Genscape has always been about bringing transparency to the fundamentals behind oil and energy markets. These delivered crude prices are about bringing transparency to the massively growing crude-by-rail market,” Genscape Managing Director of Oil Chris Sternberg said.

Genscape’s Crude Differential Assessments, Rail Delivered Crude Price Assessments, Rail Cost Assessments and Rail-Car Leasing Rate Assessments are published weekly and are available to subscribers through an online dashboard, as well as in the weekly PetroRail Report. The Report also features the latest crude-by-rail loading data for 95 percent of the rail loading capacity located in the Bakken region, plus the latest rail unloading volumes at major rail unloading facilities including Global Partner’s terminal in Albany, Plains All American’s terminal in Yorktown, PBF Energy’s Bakken terminal in Delaware City, DE, and both the PAA and NuStar/EOG rail terminals located in St. James.

Genscape has also published a white paper with insight into the US Department of Transportation’s recent Emergency Order related to Bakken rail traffic.

Edited from source by Elizabeth Corner

Read the article online at: https://www.worldpipelines.com/business-news/14082014/genscape-rail-delivered-crude-price-assessments/