The North Dakota Crude Oil That's Worth Almost Nothing

By
Dan Murtaugh
and
Javier Blas
Updated on
  • Flint Hills values North Dakota Sour crude at $1.50 a barrel
  • Crude prices based on sulfur content and transport costs

Oil Under $28: Counting the Cost

Oil is so plentiful and cheap in the U.S. that at least one buyer says it would pay almost nothing to take a certain type of low-quality crude.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.

Read this article on the Terminal Request a demo to learn more

You might like:
  1. Apple Says All Macs, iPhones and iPads Exposed to Chip Security Flaws
  2. Uber Co-Founder Travis Kalanick Plans to Sell 29% of Stake
  3. Ripple Slides After Coinbase Says Not Adding New Crypto Coins
  4. London Luxury Home at ‘Unbelievable’ Discount Shows Price Falls
  5. Global Debt Hits Record $233 Trillion