Alan Knutson presents S&P Global update: oil volatility lifts near‑term revenue outlook; alternate scenario raises SIF by ~$120M Alan Knutson presented S&P Global's March update, which projects Brent prices averaging about $75 in 2026 and raises the four-major-tax forecast modestly; an alternate oil-price scenario could add about $242 million in oil-and-gas tax collections and lift the Strategic Investment Fund balance to roughly $415 million.

Global oil price swings could boost North Dakota's revenue outlook by nearly $500 million, but volatility remains a major concern.

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