The decision to strike down some of U.S. President Donald Trump’s tariff agenda shouldn’t have much of an impact on the oil and gas sector in North Dakota, a state regulator said.
Nathan Anderson, the director of the North Dakota Department of Mineral Resources, said he wasn’t expecting much of an impact from tariff relief. Steel, he said, is a large component of project development, but capital is spread across various other sectors.
“It could raise output, but I think you need a little more increase in oil prices to really impact that,” he said of the production impact.
