Green Car Congress
AUGUST 12, 2021
The EIA noted that concerns about decreased demand because of increasing COVID-19 cases have recently driven crude oil prices down, offsetting some initial price increases due to larger inventory draws. As a result, EIA’s crude oil price forecast remains mostly unchanged from the July STEO.
Green Car Congress
AUGUST 24, 2018
Although the Bakken region is geographically large, spanning approximately 200,000 square miles in North Dakota and Montana, it contains fewer identified producing formations and is significantly more affected by winter weather than the Permian. EIA expects the Bakken region to hit record-high production in 2018, averaging 1.3
Green Car Congress
JUNE 17, 2015
The fallout of the collapse in oil prices has a lot of side effects apart from the decline of rig counts and oil flows. The Justice Department says that it has had success in Montana with Project Safe Bakken, a 2013 program under which federal and state authorities prosecuted hundreds of cases.
Green Car Congress
JUNE 27, 2012
Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Such an increase in capacity could prompt a plunge or even a collapse in oil prices, he suggests.
Green Car Congress
MARCH 2, 2013
These avenues include alternative pipeline capacity to support Western Canadian, Bakken, and Midcontinent crude oil movements to the Gulf Coast as well as rail to transport large volumes of crude oil to East, West, and Gulf Coast markets.
Green Car Congress
FEBRUARY 1, 2014
Over the long term, lower-than-expected oil prices could affect the outlook for oil sands production, and in certain scenarios higher transportation costs resulting from pipeline constraints could exacerbate the impacts of low prices.
Green Car Congress
JUNE 12, 2015
The financial pages of Canadian newspapers have been full of headlines lately announcing the potential of two large shale oil fields in the Northwest Territories said to contain enough oil to rival the Bakken Formation of North Dakota and Montana. enthused the Financial Post. WTI crude closed at $59.13 on Friday, June 5 th.
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