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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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Anadarko Wolf Camp opens in West Texas

West Texas, Anadarko man camp,

The first worker arrived at the new Anadarko Wolf Camp last week in Loving County, Texas. The 77,180-square-foot facility, built by Target Logistics, is exclusive to Anadarko employees and contractors. The Wolf Camp goes against the perception of crew camps turning into ghost towns. While oil and gas companies have cut billions of dollars from their budgets, Anadarko remained willing ...

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Stocks open slightly lower on Wall Street

Stocks open slightly lower on Wall Street

NEW YORK (AP) — Wall Street moved slightly lower early Tuesday, potentially ending three days of gains, as commodity prices retreated. Investors remained worried about China, as the country cut the value of its currency against the dollar yet again. KEEPING SCORE: The Dow Jones industrial average fell 104 points, or 0.6 percent, to 16,515 as of 10:14 a.m. Eastern. The ...

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IEA sees oil below $80, what could go wrong? Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Oil prices are unlikely to rise consistently above $80 per barrel before the end of the decade, the International Energy Agency (IEA) predicted in the World Energy Outlook published on Tuesday. Slower growth in demand coupled with the transformational impact of shale on production costs ...

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Stocks fall on China worries; oil loses ground

NEW YORK – World equity indexes dropped on Monday as disappointing trade data in world No. 2 economy China stoked concerns over weakening global growth, while oil prices slipped. All three major U.S. stock indexes were down more than 1 percent, while European shares closed 1.1 percent lower. Fresh builds at the delivery point for U.S. crude futures also dragged ...

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Keystone snub adds to gloomy prospects for pipeline companies

HOUSTON – North American pipeline companies are at a crossroads. Once the darlings of investors, their growth prospects have been undercut by a 50 percent slide in oil prices and tough environmental reviews that have delayed projects. President Obama’s rejection on Friday of TransCanada Corp’s proposed Keystone XL oil pipeline, while expected by many, highlighted difficulties that have been nagging ...

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Oil-price depression brings sleepy feel back to South Texas boomtown

GONZALES — Only a year ago, with oil trading near $100 a barrel, residents of this proud and pretty South Texas boomtown had only one chief complaint: traffic. Heavy-duty trucks bearing gas and equipment were kicking up dust and leaving rural roads pitted. Townspeople don’t have that worry anymore, with roads half-empty as the oil and gas game has slowed. ...

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Natural gas leads power plant capacity additions in 2014

The U.S. Energy Administration today reported natural gas, solar, and wind lead power plant capacity additions in the first half of 2014.  The EIA’s publication, Electric Power Monthly, claimed preliminary data showed power plants generated electricity from these sources; however, the numbers are down 40% from last year at this time. Florida, California, Utah, and Texas led the pack with the ...

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