A rig was drilling three new wells in North Dakota in this file photo. Oil and gas production broke another record in July in the state.
Global oil prices shot up 15% after the weekend bombings of key Saudi Arabian oil installations, temporarily knocking out half the country’s production capacity and roughly 5% of the world’s oil supply.
The extent of the attack’s repercussions on the oil industry aren’t clear, though it certainly could boost U.S. oil exports.