Saudi Arabia Regains Lead In Oil Sold To China -- November 23, 2015

Some data points. It looks like China imports about 4 million bopd. It appears all of it comes from Russia and the Mideast. In October, shares of imports by county of crude oil into China (numbers rounded, conversion calculator here):

• Saudia Arabia: 3.99 metric tons / month = 29 million bbls / month = 975,000 bopd
• Angola: 3.62 million metric tons / month = 27 million bbls / month = 880,000 bopd
• Russia: 3.41 million metric tons / month = 25 million bbls / month = 830,000 bopd
• Oman: 2.84 million metric tons / month = 21 million bbls / month = 700,000 bopd
• Iraq: 2.32 million metric tons / month = 17 million bbls / month = 570,000 bopd

In the linked article, Bloomberg says Saudi regained its lead over Russia in this metric (amount of crude oil sold to China); and that Angola, also, sold more oil to China than Russia in October, 2015.

The most recent reporting period for US crude oil imports is still August, 2015 (a dynamic link), reported earlier.

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Venezuela Warns Oil Could Go To Mid-$20s 

The linked article above reports that OPEC meets "next week" -- a regularly scheduled meeting. The article reports that Venezuela says oil could drop as low as the mid-$20s if "OPEC does not take action to stabilize the market. That is the third source I've seen in the past several weeks citing the "mid-$20 figure."

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Meanwhile, Back in the Bakken Economy

For years, or probably as long as anyone can remember, Alexander, situated midway between Williston to the north, and Watford City to the east, has partnered with Watford City when it came to high school sports.

That may be about to change.

The Williston Herald is reporting:

Alexander has in the past partnered with Watford City’s athletic program, though due to the influx in student body, Watford City is refraining from the co-op this year so they can remain under 325 enrolled students to maintain their Class B status.

Alexander Superintendent reached out to Williston High School to see if it was possible to create that partnership for the school year that would allow their students to participate in baseball, softball, and track.

In baseball, they are only talking about 6 or 7 students.