Скачать шаблон для Joomla 3.5.
лучшие шаблоны Joomla 3.5.
Thursday, 02 May 2024

O Oil & Gas Market

Hurricanes increase demand for North Dakota oil

User Rating: 0 / 5

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive
 

BISMARCK, N.D. (AP) — North Dakota Bakken sweet crude oil is seeing increased demand and is temporarily priced at a premium due to recent hurricanes that hit Texas and Florida.

North Dakota Pipeline Authority director Justin Kringstad says refineries on the Gulf Coast are trying to make up for shortages of gasoline and diesel fuel.

He says Bakken runs well through refineries to maximize the yield, and the price of Bakken oil should stay up "in the near term" before going back down.

North Dakota's oil production rose slightly in July and remained above 1 million barrels per day for the sixth consecutive month. State Mineral Resources Director Lynn Helms says if per-barrel prices rise above $50 as expected, production of a million barrels a day could become routine.

Global Energy Insight, established in 2017, as an independent online journal focused on offering Global coverage of up-to-date news and technological advances