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US stocks slip as energy companies fall with oil prices

US stocks slip as energy companies fall with oil prices

NEW YORK (AP) — U.S. stocks slipped in quiet trading Monday as energy companies dropped with the price of oil. Metals and chemicals companies also fell. Company earnings remain weak, and Xerox and drugmaker Perrigo tumbled after reporting disappointing results and cutting their forecasts for the year. Stocks looked like they were headed for big losses in the morning, as ...

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Republican Senate effort again fails to block water rule

WASHINGTON (AP) — Democrats have again blocked a Republican proposal that would have forced the Obama administration to withdraw a federal rule to protect small streams and wetlands from development and pollution. An amendment sponsored by North Dakota Sen. John Hoeven did not get the 60 votes needed to stop the provocative rule. Thursday’s vote was the latest effort by Republicans ...

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North Dakota tax collections continue falling below forecast

BISMARCK, N.D. (AP) — North Dakota continues to see bleaker-than-expected state tax revenue collections from declining oil activity in the state. Office of Management and Budget Director Pam Sharp says revenues for March totaled $98.8 million. That’s $13.8 million less than what had been projected. Tax collections already are down more than $20 million since a new revenue forecast was done ...

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Top 5 Bakken news stories: April 16-22

Just in case you missed something last week, here is a recap of what articles Bakken.com readers found the most engaging from April 16 to 22. In addition to the recap, we’ve thrown in a bonus article about the Green River shale formation that appears to have resurfaced from the depths of old content. Enjoy! 5. Montana oil and gas lease ...

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Harold Hamm endorses Donald Trump for president

harold hamm endorses donald trump

On Friday Continental Resources CEO Harold Hamm endorsed Donald Trump for the 2016 Presidential Race, according to Reuters. Hamm, a shale industry pioneer and Mitt Romney’s 2012 energy adviser, called the real estate mogul a “business leader’s candidate” and that Trump has the “fortitude to make tough decisions.” In a public letter, Hamm wrote, “The next president of the United ...

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Energy sector movers, losers and news: crude prices improve, no production freeze necessary.

Last week major oil producers met in Doha, Qatar to discuss an oil production freeze. Again, no agreement could be reached and crude prices temporarily suffered. But, today WTI opened at $43.42 per barrel, 7.6 percent higher than last week when it closed Friday at $40.36 per barrel. Market Movers Shares of NGL Energy Partners LP (NYSE: NGL) gained 50 ...

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24 dead in Mexico petrochemical plant blast, 8 still missing

24 dead in Mexico petrochemical plant blast, 8 still missing

COATZACOALCOS, Mexico (AP) — The death toll from an explosion that ripped through a petrochemical plant on Mexico’s southern Gulf coast is now 24, state oil company Petroleos Mexicanos reported. Pemex raised the toll late Thursday from the 13 fatalities previously known and said eight workers remained missing. It also said 19 people remained hospitalized, with 13 of them in ...

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