North Dakota revenues on track, but face uncertainty due to oil price volatility

By: Mary Steurer

Outlets: North Dakota Monitor

Published: March 18, 2026

Words: 718

Last Updated: 2 days, 13 hours ago

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North Dakota state revenues remain on target for now amidst unpredictable oil prices, but budget officials urged caution.

“There’s really a perfect example of North Dakota’s volatile revenues,” Allen Knudson, budget analyst and auditor for Legislative Council, told lawmakers Wednesday afternoon. “It’s way up one day and way down the next.”

Oil prices have greatly fluctuated in recent weeks amid the United States’ and Israel’s war in Iran. Before that, prices were low due to …

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