Tag: Crude Oil
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Other Pipelines Expand in Face of Shutdown of Dakota Access Pipeline
As the Dakota Access pipeline deals with lawsuits aimed at closing it, other pipeline companies are anticipating an increase in demand for transportation and are expanding their pipelines. Also, the higher –risk and higher- cost alternative of transporting oil by tanker cars on railroads is seeing an increase, according the Oil Patch Hotline.Kinder Morgan’s Highland…
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Higher Crude Oil Prices Projected
From Oil Patch Hotline Two major Wall Street banks are projecting higher prices for crude oil later this year because of production cuts by OPEC and hundreds of wells shut down in leading oil producing states of Texas and North Dakota. UBS sees Brent rising to $43 a barrel by the end of the years…