How low can it go — and how long will it last? The 50 percent slump in oil prices raises both those questions and while nobody can confidently answer the first question (I will try to in a moment), the second is pretty easy.
MEDORA, N.D. — The latest proposal to turn an old school in Fryburg into a crew camp has been tabled by the Billings County Zoning Board.RELATED CONTENT
WASHINGTON – A Minnesota power company official told the Federal Energy Regulatory Commission on Thursday that they had substantial railroad coal delivery problems this past year, and although stockpiles have recovered as of this month, they still have concerns.
BISMARCK – The Dakota Resource Council is gathering petition signatures with hopes of convincing state lawmakers to order a performance audit of two state agencies over what the group claims is their failure to enforce laws and rules regarding oilfield practices.
ST. PAUL -- Environmental activists are calling on Minnesota Gov. Mark Dayton to come to their aid once again, asking the governor to reach out to Washington and advocate for more strict adherence to federal oil pipeline regulations.RELATED CONTENT
ALBANY, NY/NEW YORK - New York state will ban hydraulic fracturing after a long-awaited report concluded that the oil and gas extraction method poses health risks, Governor Andrew Cuomo's administration said on Wednesday.RELATED CONTENT
BISMARCK — The North Dakota Public Service Commission has scheduled a public hearing for a proposed natural gas processing plant in McKenzie County that would be the largest of its kind in the state.
NDON - Brent crude oil traded below $60 a barrel on Wednesday, near 5-1/2-year lows, as major oil producers signaled that they would maintain output despite a supply glut and faltering demand in Russia and Europe.
LONDON - OPEC members which backed an output cut at the group's meeting last month are coming around to the view of Saudi Arabia that they need to focus on market share, further reducing the chance of any action to defend prices.
BISMARCK – State utility regulators approved a permit for a $240 million wind farm in western North Dakota on Wednesday.RELATED CONTENT
LONDON -- Oil prices have now fallen to an unsustainable low level. Futures contracts for Brent and WTI have fallen below $60 and $55 per barrel respectively but many crude producers are receiving much lower prices.
NEW YORK - Brent crude futures fell for a fifth straight day on Tuesday to end below $60 a barrel while U.S. crude finished a volatile session slightly higher as trading of expiring options helped defend the price above $55.RELATED CONTENT
GRAND FORKS, N.D. - North Dakota stands to lose billions in revenue if oil prices continue to slip, Lt. Gov. Drew Wrigley said Tuesday at a meeting of the Highway 2 West Manufacturers' Association in Grand Forks.RELATED CONTENT
WASHINGTON -- The new Republican-controlled U.S. Senate's first act in January will be approval of the Keystone XL pipeline.RELATED CONTENT
WILLMAR, Minn. -- No action by the Willmar City Council means the Municipal Utilities’ proposed purchase agreement with Jennie-O Turkey Store to buy nearly 48 acres of land for an electric substation at Priam will go forward.