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Hess sells Bakken crude for export to Europe

Apr. 15, 2016 5:54 PM ETHess Corporation (HES) StockHESBy: Carl Surran, SA News Editor1 Comment
  • Hess (NYSE:HES) says it sold Bakken crude for export out of the U.S. Gulf Coast to Europe, the first reported shipment of the North Dakota oil since Congress lifted the ban on exporting crude last December.
  • HES sold 175K barrels of Bakken crude, which loaded at St. James, La., in early April and is being transported to a European refinery, Reuters reports.
  • The report comes after Exxon confirmed yesterday it was shipping 18K barrels of offshore oil produced from its Gulf of Mexico Julia field to its refinery in the Netherlands.
  • Now read Hess to take out $55 shortly

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