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North Dakota oil output posts biggest drop in history

2016-06-15 15:30:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: North Dakota's oil output fell the most in history in April, with low crude prices and inclement weather forcing producers to cut back the drilling and fracking of new wells, state regulators said on Wednesday. The output drop highlighted the deep pain spreading through the second-largest oil producing state, with the more than 50 percent drop in crude prices since late 2014 fueling spending cuts and layoffs. The state pumped 1,041,007 barrels of oil per day (bpd) in April, 70,414 bpd less...

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