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  • HOUSTON/ RUNGE, Texas, July 14- Two years ago, Reg MacDonald's 20- day drilling classes were packed to capacity, with nearly 40 students eager to land lucrative jobs in the booming oil and gas industry. The latest rout in oil prices has been the last straw for many workers just getting back on their feet after the last downturn in 2008, said MacDonald, president of...

  • HOUSTON/ RUNGE, Texas, July 14- Two years ago, Reg MacDonald's 20- day drilling classes were packed to capacity, with nearly 40 students eager to land lucrative jobs in the booming oil and gas industry. The latest rout in oil prices has been the last straw for many workers just getting back on their feet after the last downturn in 2008, said MacDonald, president of...

  • NEW YORK, July 13- U.S. gasoline and distillate stocks surged unexpectedly last week, data showed on Wednesday, crimping margins for refiners at the height of summer driving season, a time when they generally enjoy healthy demand and profits. Almost two months into the start of a summer when Americans were expected to take to the road at record rates, some 1.2...

  • KANSAS CITY, Mo.— Missouri regulators have again rejected the state's portion of a power line that would carry wind energy from Kansas to Indiana, citing the company's failure to provide the required 60- day notice before submitting its latest application. Immediately after the Missouri Public Service Commission announced its decision Tuesday, Houston-...

  • SAN FRANCISCO/ HOUSTON, July 13- Two top U.S. central bankers jumped into the debate over immigration this week with surprising candor, with one calling for engagement in what he said would be "a horribly difficult debate" so as to ensure better economic growth. Speaking Tuesday evening in Marquette, Michigan, Minneapolis Fed President Neel Kashkari also said that...

  • YAMOUSSOUKRO, July 13- Ivory Coast aims to roughly double oil and gas output by 2020 as it pushes for foreign investment in offshore exploration, the head of state oil and gas company Petroci said on Wednesday. We've awarded about 20, "Petroci's Managing Director Ibrahima Diaby said on the sidelines of an energy conference in Ivory Coast's capital Yamoussoukro.

  • HOUSTON, July 13- Global headwinds are undercutting the Federal Reserve's efforts to boost the U.S. economy, making low interest rates not nearly as stimulative as they were when the rest of the world economy was growing faster, a top Fed official said on Wednesday. A "slow, gradual, careful" approach to raising interest rates is therefore appropriate as the U.S....

  • Speaking with reporters after a presentation in Houston, Dallas Fed President Robert Kaplan added that it wouldn't be wise to speculate on the timing of the next rate move or the number of moves.

  • HOUSTON, July 13- Global headwinds mean that U.S. monetary policy is modestly, but not wildly, accommodative, and the Federal Reserve needs to keep it so as long as employment and inflation fall short of its goals, a top Fed official said on Wednesday. A "slow, gradual, careful" approach to raising interest rates is very appropriate, Dallas Fed President Robert Kaplan...

  • NEW YORK, July 13- Wealthy U.S. investors are holding record cash balances out of fear that the U.S. presidential election will wreak havoc on their retirement accounts, a senior UBS Group AG executive said. Bob McCann, who chairs the Swiss bank's Americas division, said in an interview this week that clients are confident about the economy but hesitant to invest...

  • HOUSTON- Federal Reserve Bank of Dallas President Robert Kaplan speaks on "The U.S. and World Economy Today" before a moderated question-and-answer session hosted by the World Affairs Council of Greater Houston- 1300 GMT. LONDON- Economists for Brexit Press Conference: Ensuring that "Brexit means Brexit", avoiding "EU Lite" and creating a launch pad for a stable,...

  • July 12- Valero Energy Corp said on Tuesday it bought Kinder Morgan Inc's 50 percent stake in Parkway Pipeline LLC, previously a joint venture between the two companies. The move will give Valero increased access to the eastern United States by connecting the pipeline to Colonial Pipeline Co's system that runs from Houston to New York Harbor.

  • July 12- Valero Energy Corp bought the remaining 50 percent stake in Parkway Pipeline LLC and said it would gain increased access to eastern United States by connecting the pipeline to Colonial Pipeline Co's Gulf Coast- to-U.S. Parkway Pipeline LLC transports refined products from Valero's St. Charles refinery in Norco, Louisiana to Collins, Mississippi.

  • MARQUETTE, United States- Minneapolis Fed President Neel Kashkari speaks on the economy and the role of the Fed before a Town Hall forum co-sponsored by 40 Below Marquette County Young Professionals- 2130 GMT. LONDON- Bank of England to publish record of latest Financial Policy Committee meeting- 0830 GMT. ST. LOUIS, United States- St.

  • HOUSTON— A plane blew out two of its tires when pilots abruptly stopped its takeoff from a Houston airport after having concerns about a possible mechanical problem. Airport officials say the United Airlines flight was taking off from Bush Intercontinental Airport to Denver at around 6 a.m. Monday when the plane's crew spotted a possible mechanical...

  • HOUSTON/ CARACAS, July 8- Venezuela's falling crude output and financial woes have left it struggling to maintain a 15- year-old oil assistance program to its closest ally, Cuba. The shift signals an unraveling of the oil diplomacy pioneered by Venezuela's late socialist leader Hugo Chavez and helps explain why Cuba, which generates electricity from fuels,...

  • HOUSTON/ CARACAS, July 8- Venezuela's falling crude output and financial woes have left it struggling to maintain a 15- year-old oil assistance program to its closest ally, Cuba. The shift signals an unraveling of the oil diplomacy pioneered by Venezuela's late socialist leader Hugo Chavez and helps explain why Cuba, which generates electricity from fuels,...

  • WASHINGTON/ NEW YORK, July 7- The United States has tentatively approved flights on eight U.S. airlines to Havana as early as this autumn, with American Airlines Group Inc receiving the largest share of the limited routes, the Transportation Department said on Thursday. The decision, about a year after the United States and Cuba re-established diplomatic...

  • WASHINGTON/ NEW YORK, July 7- The United States has tentatively approved flights on eight U.S. airlines to Havana as early as this fall, with American Airlines Group Inc receiving the largest share of the limited routes, the U.S. Transportation Department said Thursday. The decision, coming about a year after the United States and Cuba re-established diplomatic...

  • WASHINGTON/ NEW YORK, July 7- The United States has tentatively approved flights on eight U.S. airlines to Havana as early as this fall, with American Airlines Group Inc receiving the largest share of the limited routes, the U.S. Transportation Department said Thursday. The decision, coming about a year after the United States and Cuba re-established diplomatic...