October 21, 2014

N.D. sees record oil shipments by rail

oil-train-railBISMARCK, N.D. — The percentage of North Dakota oil shipped by pipelines has dramatically slipped in the past year as producers have turned to trains to reach faraway U.S. refineries where premium prices are fetched based on foreign crude prices.

But state and industry officials believe the pendulum may be swinging back in favor of pipelines as the price differential narrows between domestic and overseas crude.

Read the complete story at the Bismarck Tribune.