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Tag Archives: Oil

Alaska governor may call special session over budget

Alaska governor may call special legislative session over budget

JUNEAU, Alaska (AP) — Alaska Gov. Bill Walker said he is willing to call the Legislature into a special session if lawmakers don’t pass any revenue proposals to help close a multibillion-dollar budget deficit. His push for more income comes as the state’s Department of Revenue on Monday released a forecast showing another $300 million drop in funding for the ...

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Stocks open lower; travel companies sink following attacks

Stocks open lower; travel companies sink following attacks

U.S. stocks are opening broadly lower, led by declines in travel-related companies following the attacks in Belgium. Airlines, cruise companies and travel booking sites were among the biggest decliners early Tuesday. Delta Air Lines and Carnival each lost 3 percent. Energy and materials companies were also lower. The price of crude oil slipped. The Dow Jones industrial average fell 47 ...

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Oil finishes strong as stocks shake off early loss

Stocks drift, US crude up 52 cents in early trade

Major U.S. stock indexes eked out modest gains on Monday, extending the market’s winning streak into a fourth day. Stocks wavered into the red at times before steadying in the late afternoon. The price of oil also veered lower at times, but ended higher. Investors had their eye on the latest batch of company deal news and new data on ...

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Stocks drift, US crude up 52 cents in early trade

Stocks drift, US crude up 52 cents in early trade

U.S. stocks drifted between small gains and losses in early trading Monday as investors pored over the latest batch of company deal news. Materials and energy stocks were among the biggest decliners. The market is coming off its fifth straight week of gains. KEEPING SCORE: The Dow Jones industrial average slipped 10 points, or 0.1 percent, to 17,592 as of ...

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US rig count drops 4 last week to all-time low of 476

natural gas drilling, rig count

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped 4 last week to 476, a record low and another sign of continuing price woes in the oil and gas industry. A year ago, 1,069 rigs were active. Houston-based oilfield services company Baker Hughes Inc. said Friday that 387 rigs sought oil and 89 ...

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Dow positive for 2016, oil closes above $40

Energy stocks rise, oil reaches highest price this year

NEW YORK (AP) — Oil closed above $40 a barrel and another surge in U.S. stocks Thursday turned the Dow Jones industrial average positive for the year and wiped out its losses from a terrible start to 2016. The price of gold and silver and oil jumped, boosting materials and energy companies. The dollar continued to weaken, boosting industrial companies ...

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Judge says government must act on gas lease on sacred land

Judge says government must act on gas lease on sacred land

BILLINGS, Mont. (AP) — A federal judge is accusing the Obama administration of trying to “run the clock out” on an oil and gas lease near Glacier National Park that’s been held up for decades. U.S. District Judge Richard Leon on Wednesday gave the Interior Department 24 hours to act on the matter. The 6,200-acre lease is in Montana’s Badger-Two ...

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Oil, gas not responsible for methane emission spike

Oil, gas not responsible for methane emission spike

A new study finds that oil and natural gas producers are not responsible for a global increase in methane emissions. According to the report by the National Oceanic and Atmospheric Administration, increased emissions come primarily from wetlands and agriculture, not oil and natural gas producers. The NOAA report comes after the U.S. Environmental Protection Agency announced it will regulate methane ...

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Major oil producers to talk output freeze in Qatar in April

Major oil producers to talk output freeze in Qatar in April

DUBAI, United Arab Emirates (AP) — OPEC member states and other major oil producers plan to meet next month to discuss a freeze in oil output levels, Qatar’s top energy official said Wednesday. The gathering, which will build on earlier talks that included major suppliers Russia and Saudi Arabia, reflects a growing sense of urgency among producers to try to ...

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Offshore plan closes door to new American energy opportunities

Offshore plan closes door to new American energy opportunities

WASHINGTON, D.C. – Independent Petroleum Association of America (IPAA) President Barry Russell released the following statement on the next stage of the Obama Administration’s proposed five-year offshore oil and gas leasing program for 2017-2022: “Offshore energy production has and will continue to be integral to America’s energy future – for good-paying jobs, national energy security, and billions of dollars in ...

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