Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

North Dakota, Canadian oil producers at disadvantage when crude prices are low

 

March 10, 2020

Gregory Bull • Associated Press file photo

Oil prices are plunging amid worries that an OPEC dispute will lead a virus-weakened economy to be awash in an oversupply of crude. Shown is the Shell Deer Park oil refinery in Texas. (AP Photo/Gregory Bull, File)

If a new era of bargain crude prices arrived with Monday's oil-market rout, producers in North Dakota and Canada will likely be at a disadvantage.

Both are simply farther from the hub of the North American oil market, the Gulf Coast, raising transportation costs, analysts said.

http://www.startribune.com/north-dakota-canadian-oil-producers-at-disadvantage-when-crude-prices-are-low/568645512/



 

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