November 12, 2018 – Reuters
North Dakota oil prices set to weaken further amid pipe, rail constraints
By Devika Krishna Kumar, Collin Eaton
NEW YORK/HOUSTON (Reuters) - Bakken crude prices are set to weaken from already low levels in coming months, with the frigid winter in North Dakota likely to disrupt rail loadings and worsen bottlenecks as production soars, traders and executives said.
U.S. oil producers ramped up production in the nation’s third-largest oilpatch, boosting crude output to a record 1.3 million barrels per day (bpd) in...