A Bloomberg report out today updates Statoil's plans for rail shipment of oil production from the Williston Basin. The company reportedly delivered a load of Bakken crude by rail recently to Irving Oil Corp.’s Saint John refinery, the largest in Canada. A spokesman said Statoil expects to ship 10 percent to 20 percent of its North Dakota production by rail to refineries on the East and West Coasts to take advantage of prices higher than those offered by refineries in the major hub of Cushing, Okla. Read more
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