North Dakota oil output set to rise as controversial pipeline opens

The Dakota Access pipeline is in the process of coming online; it’s expected to save the local producers $540 million annually in shipping costs. The lower costs will make the oil field more competitive, and signs of growth are already on the horizon. The pipeline will have the capacity for 500,000 barrels per day; the $540 million translates from an expected savings of $3-5 per barrel.

This article was sourced from:

Ernest Scheyder, Reuters

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Josh Wolsky

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