It looks like there will be some softening of oil export restrictions. The result may allow U.S. produced oil to enter the global markets. It’s a small bit of good news for producers during the downward price plunge.
Read & Share sourced from: Bloomberg
The quote from Saudi Oil Minister Ali al-Naimi, “The best thing for everybody is to let the most efficient producers produce.” As the world’s largest oil exporter, Saudi Arabia’s actions are a significant contributor to global oil prices.
Read & Share sourced from: Reuters
Legislators are watching carefully and wondering if falling oil prices will trigger a reduction in the amount of the oil extraction tax… an event that would have a significant effect on two-year budget.
Read & Share sourced from: KX News
The video below offers some pundit commentary on oil prices and the where the Bakken sits in the global picture. Do we have any local producers reading? What do you think? * Advertising delivered by outside content producer.
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Oil prices have been a big part of the national conversation lately, and here at home the consequences of price changes are ever present. Get a quick look at some of the basic factors that contribute to oil prices in this short article from The Washington Post.
Read & Share sourced from: The Washington PostSubscribe to Today in Minot!
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While production is still going up, the rig count is decreasing, but the ongoing story is the price of crude and speculation on when we reach the bottom. Lynn Helms discusses these and other issues facing the industry in this short clip from KMOT News.
Read & Share sourced from: KMOTNotifications