Approximately 2/3 of Bakken crude moves by rail

The amount of crude oil and refined petroleum products moved by U.S. railroads increased 9% during the first seven months of this year compared with the same period in 2013, the EIA said in a report today.

“In July, monthly average carloadings of oil and petroleum products were near 16,000 carloads per week, according to the Association of American Railroads. The increase in oil volumes transported by rail reflects rising U.S. crude oil production, which reached an estimated 8.5 million barrels ...

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