North Dakota

Business, Economics and Jobs

The decline in oil prices will put the squeeze on Iran and Russia — and give a jolt to American consumers

The price of a barrel of oil has fallen to its lowest level in more than half a decade — and it's still falling. That's put a major dent in the economies of some of the world's largest oil producers, like Iran and Russia. But in the US, it's cause for celebration, as falling oil prices are translating into plummeting prices at the pump.

Oil Train Concerns in the Pacific Northwest

Plans are underway to build several port terminals in the Pacific Northwest that would transfer North Dakota oil from trains onto ships bound for West Coast refineries, but the recent oil train disaster in Quebec may put the brakes on the proposed projects.