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Tag Archives: Oil Prices

Norway’s economy shrinks in Q4, hit by low oil prices

HELSINKI (AP) — The Norwegian statistics bureau says the economy shrank 1.2 percent in the last quarter of 2015, dragged down by poor performance in oil-based industries, while full-year growth at 1 percent was the lowest since 2009. Statistics Norway says the economy grew 0.1 percent in the fourth quarter, up from a flat performance in the previous quarter. The ...

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North Dakota crude production climbs in November

Last week state energy officials announced that North Dakota crude production in November rose slightly, despite low oil prices. However, as reported by The Wall Street Journal (WSJ), North Dakota Department of Mineral Resources Director Lynn Helms warned oil and gas companies that current production rates are not sustainable at current prices. “We need $50 oil to keep production flat. ...

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US stocks rising for the second day in a row; ADT surges

NEW YORK (AP) — Stocks are climbing Tuesday morning and building on their gains from late last week. Home security company ADT is surging after it agreed to be bought by an investment company, and strong quarterly reports are boosting companies including Hormel Foods and Restaurant Brands International. KEEPING SCORE: The Dow Jones industrial average rose 90 points, or 0.6 ...

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US stocks open higher, building on the gains from last week

NEW YORK (AP) — Stocks are opening broadly higher, building on the market’s gains from late last week. Banks and retailers had some of the biggest gains Tuesday. Several stocks were also moving on earnings and deal news. Home security company ADT soared 50 percent after agreeing to be acquired by an investment company. Spam maker Hormel Foods jumped 8 ...

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Wyoming Legislature prepares to examine budget bills

View of the Wyoming State Capitol building in Cheyenne. (Image: Jimmy Emerson DVM via Flickr)

CHEYENNE, Wyo. (AP) — The Wyoming Legislature will consider a range of budget bills this week as lawmakers wrestle with how much to spend from state savings to keep government programs afloat in the face of falling energy revenues. Legislative Democrats are also likely to try to amend the main general appropriations bill this week to allow Wyoming to accept ...

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Israeli leader defends gas extraction deal in Supreme Court

Israeli Prime Minister Benjamin Netanyahu, center, and unidentified defense lawyers wait for the Supreme Court to convene, in Jerusalem, Sunday, Feb. 14, 2016. Netanyahu made an unprecedented appearance at the Supreme Court to defend a deal signed in December with U.S. and Israeli developers drilling offshore gas deposits. Israel's Channel 10 TV reported Netanyahu as telling the court that if Israel were to alter its deal investors could turn away and buy gas from Israel's enemies instead. (Jim Hollander/Pool Photo via AP)

JERUSALEM (AP) — Israeli Prime Minister Benjamin Netanyahu made an unprecedented appearance at the Supreme Court Sunday to defend a deal signed in December with U.S. and Israeli developers drilling offshore gas deposits. Israel’s Channel 10 TV reported Netanyahu as telling the court that if Israel were to alter its deal investors could turn away and buy gas from Israel’s ...

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New Mexico moves to cut spending to offset oil bust

An oil and gas drilling rig operating in the Permian Basin near Farmington, New Mexico. (Image courtesy of Encana Corp)

SANTA FE, N.M. (AP) — The state of New Mexico slashed revenue projections for this year and next by a quarter-billion dollars because of low oil and natural gas prices and took initial steps Saturday toward reducing general fund spending next year. A somber Senate Finance Committee unveiled budget amendments that would shave spending across state agencies this fiscal year, ...

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