Home / Tag Archives: Oil Prices (page 3)

Tag Archives: Oil Prices

New Mexico permanent funds shrink amid energy bust

Permian basin drilling rig

SANTA FE, N.M. (AP) — Rainy day funds overseen by the state of New Mexico have been drawn down by almost 2 percent during the past year as spending on public education and infrastructure projects outpaces investment income and revenues linked to the oil and natural gas industries. The New Mexico State Investment Council said Monday that assets declined by ...

Read More »

US energy secretary sees oil market coming into balance

Ernest Moniz, Energy Department, oil glut

BEIJING (AP) — The U.S. energy secretary said Friday he sees the global oil market coming into balance over the next year as rising demand catches up with a two-year-old supply glut that depressed prices. Ernest Moniz said supplies should be adequate after the market comes into balance. He said Saudi Arabia has made clear it will maintain spare production ...

Read More »

Stocks crash as UK vote to quit EU shocks investors

Brexit, stocks crash, Britain

LONDON (AP) — Stock markets crashed, oil prices tumbled and the pound fell to a 31-year low on Friday as Britain’s unprecedented vote to leave the European Union shocked investors and dragged the region, the world’s largest economic bloc, into a new era of uncertainty. Investors rushed to dump European shares as soon as markets opened, following earlier drops in ...

Read More »

Container shipping giant Maersk names new CEO

Maersk

COPENHAGEN, Denmark (AP) — The world’s largest shipping company, A.P. Moller-Maersk group, has appointed an insider as its new chief executive, sending its shares up more than 9 percent amid hopes he might help turn the company around. The Danish conglomerate, which is also an oil company, said Thursday that Soeren Skou, CEO of the container-shipping division Maersk Line, will ...

Read More »

Global markets drop as Bank of Japan stands pat on stimulus

MANILA, Philippines (AP) — Global stocks fell Thursday after the Bank of Japan kept its monetary policies unchanged and as investors turned their attention to next week’s “Brexit” vote on whether Britain should exit the European Union. KEEPING SCORE: Britain’s FTSE 100 fell 0.7 percent to 5,927 and Germany’s DAX dropped 0.9 percent to 9,520. France’s CAC 40 was down ...

Read More »

US rig count rises 6 last week to 414, 2nd week of gains

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. rose by six last week to 414, the second consecutive week the count has increased after a slide that lasted months and pushed the count to record-low levels amid collapsed energy prices. A year ago, 859 rigs were active. Houston oilfield services company Baker Hughes ...

Read More »

US stocks tumble as banks and tech stocks fall

NEW YORK (AP) — U.S. stocks are skidding Friday morning and returning more of their gains from earlier in the week. Banks are falling again as bond yields continue to plunge, and energy companies are slipping with the price of oil. KEEPING SCORE: The Dow Jones industrial average sank 144 points, or 0.8 percent, to 17,841 as of 10:12 a.m. ...

Read More »