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US industrial production jumps by most since November 2014

Industrial production

WASHINGTON (AP) — U.S. industrial production in April posted the biggest increase since November 2014 as utility output surged, the Federal Reserve said Tuesday. Industrial output — which includes factories, mines and utilities — rose 0.7 percent from March. It had dropped the previous two months. Fueling the improvement was utility production, which surged 5.8 percent in April. It was ...

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Hurdles exist using CO2 to boost oil output in North Dakota

BISMARCK, N.D. (AP) — A Houston research firm says significant barriers exist in using carbon dioxide to enhance oil recovery in North Dakota. But HIS Inc. geologist Curtis Smith told the North Dakota Legislature’s interim Taxation Committee on Wednesday that the “long-term prize” for the state could be billions of extra barrels of oil. The interim legislative committee is considering ...

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US factories increase output in February

US factories increase output in February

WASHINGTON (AP) — U.S. factories produced more machinery, appliances and other goods last month, the second-straight increase in output and a sign manufacturing may be stabilizing after a difficult year. The Federal Reserve said Wednesday that factory production rose 0.2 percent in February, after rising 0.5 percent the previous month. The increases in the past two months follow four declines ...

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Palo Verde nuke plant sets power output record

Palo Verde nuke plant sets power output record

WINTERSBURG, Ariz. (AP) — The Palo Verde Nuclear Generating Station west of Phoenix broke its own output record last year and for the 24th time was the highest-producing power plant in the nation. The triple-reactor plant operated by Arizona Public Service Co. and owned by APS and several other utilities churned out 32½ million megawatt-hours of electricity in 2015. APS ...

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Oil price predictions for 2016 lower still: poll

Depressed oil prices are likely to linger longer as analysts dropped their predictions further for next year, according to a Reuters poll, assuming OPEC will not cut output when it meets on Friday. The average price forecast for benchmark North Sea Brent crude futures <LCOc1> for 2016 at $57.95 a barrel is 57 cents below last month’s poll, the survey ...

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Brazil oil strike cuts output 25 percent, union says

RIO DE JANEIRO/SAO PAULO – A strike that began on Sunday at Brazil’s state-run oil producer Petroleo Brasileiro SA has slowed daily oil output by around 25 percent, the country’s largest union FUP said on Tuesday. FUP’s general coordinator José Maria Rangel said in a video published online that in the first 24 hours since the union’s members joined the ...

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Russia targets shale oil boom by next decade

By Katya Golubkova ST PETERSBURG, Russia, May 22 (Reuters) – Russia wants a boom in unconventional oil output by the start of the next decade, and is prepared to look east for technology if its ambitions are hindered by Western sanctions over the Ukraine crisis, Russian oil executives said. Russia is now pumping near its capacity of around 10.5 million barrels of ...

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