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Tag Archives: oil slump

Legislature approves bill to address $310 million shortfall

North Dakota, legislative report

BISMARCK, N.D. (AP) — North Dakota legislators agreed Thursday to cut spending for most state agencies to help cover a $310 million budget shortfall, signaling some of the money for social programs could be restored if revenues eventually recover from slumping crop and oil prices. Although the Legislature isn’t scheduled to reconvene until January, Republican leaders called a three-day session ...

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Oil slump further cuts state revenue

SANTA FE — New Mexico lawmakers could have less money available to spend next year than previously projected, as plummeting oil prices have led to the amount of “new” money estimated for the coming year to be pared back to $232 million — down more than $60 million from four months ago. As a result, the top budget official in ...

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Stocks are mixed in early trade; oil price slips

NEW YORK — Stocks were in mixed in early trading Wednesday ahead of a European Central Bank meeting where further stimulus is expected to be announced as well as a speech by the head of the Federal Reserve. Energy stocks fell along with the price of oil. KEEPING SCORE: The Dow Jones industrial average lost seven points, or 0.1 percent, to ...

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Watford City barrels through downturn in oil economy

A dramatic drop in the price of oil has adversely impacted the economies of North Dakota and its oil patch cities and counties. But one area has weathered the storm better than most. Whether you take your measure from sales taxable revenue (up 11% year-over-year), construction permits or industry pundits, Watford City and McKenzie County have exceeded expectations. Experts mostly ...

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Gulf Coast Business Credit celebrates 15TH Anniversary as a leader in accounts receivable finance and asset based lending solutions

Contact: James Jones Organization: Gulf Coast Business Credit Address: 200 St. Charles Avenue, New Orleans, LA 70130 Phone: (866) 577-8867 Gulf Coast Business Credit (“GCBC”), a division of Gulf Coast Bank & Trust Co., celebrates its 15th Anniversary as a leader in accounts receivable finance and asset based lending solutions. Since its inception in 2000 by Gulf Coast Bank’s President ...

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No need for OPEC, non-OPEC producers summit: Kuwait

KUWAIT  – A summit of OPEC and non-OPEC, as suggested by Venezuela, would be pointless as independent producers are not committed to cutting output, Kuwait’s oil minister said on Monday. “The problem is that there is no commitment from the countries outside OPEC on what they would offer for the stability of prices,” Ali al-Omair said. “Their request from the ...

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