First tanker of North Dakota crude oil arrives in Europe

A tanker carrying 175,000 barrels of North Dakota crude oil recently arrived in the Netherlands, marking the first overseas shipment of the state's oil since Congress lifted a 40-year ban on crude exports in December 2015, reports the Associated Press. The news service says North Dakota's congressional delegation and industry officials hailed Hess Corp.'s shipment “as a milestone that could open more markets in faraway refineries where premium prices are typically fetched." A Hess spokesman said the oil was shipped by rail from North Dakota to St. James, Louisiana, where it was loaded on a tanker with ExxonMobil Corp.'s oil from the Gulf of Mexico.

Global, National