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  • March 20- The number of rigs drilling for oil in the United States continued to decline this week, falling 41 to 825, the lowest rig count in four years, oil services firm Baker Hughes said in its closely-watched survey on Friday. U.S. crude futures have dropped by about 60 percent since June due to concerns OPEC and the United States are producing too much oil while...

  • CHICAGO, March 19- Drought pressures will increase in California and western areas of the United States this spring even as the dry season begins, the government's Climate Prediction Center said on Thursday. Drought is forecast to persist in California, Nevada, and Oregon through June with the onset of the dry season in April. "I see nothing that would indicate...

  • The number of rigs drilling for oil in the United States fell by 64 to 922, oil services company Baker Hughes Inc said in its weekly report. The number of oil rigs in use has fallen in 18 of the past 21 weeks, according to Baker Hughes. Texas, the state with the most rigs, again lost the most this week, shedding 32 to 537, the lowest since 2010, Baker Hughes said.

  • Feb 26- Western Refining Inc reported a better-than-expected adjusted quarterly profit on Thursday as lower crude oil prices helped improve refining margins. Growing output from the Permian Basin in Texas and New Mexico, where Western's refineries are located, has combined with inadequate pipeline infrastructure to create a glut and suppress crude...

  • Beach snow forecast as deadly storm packs more woe Tuesday, 24 Feb 2015 | 8:26 AM ET
    Winter Weather U.S.

    A fragmented winter storm was forecast to bring more snow to the Carolinas and Rocky Mountains, NBC News reports.

  • WASHINGTON, Feb 17- Five Republican state governors say they will not rescue a crucial part of Obamacare if it is struck down by the Supreme Court, underlining the prospect for a chaotic aftermath to a ruling that could force millions of Americans to pay much more for coverage or lose their health insurance. In response to Reuters' queries, spokespeople for the...

  • Lower gas prices no windfall for these retailers Wednesday, 4 Feb 2015 | 3:02 PM ET
    A customer checks out at a Best Buy in Peoria, Ill.

    As oil prices fall, it becomes harder for energy companies to maintain profitability.

  • Jan 29- U.S. vehicle safety regulators want to find whistleblowers with knowledge "of possible defects or any wrongdoing" by Takata Corp, stepping up pressure on the air bag maker whose products are linked to five deaths and dozens of injuries. The National Highway Traffic Safety Administration told Reuters it was urging potential informants to call its...

  • NEW YORK, Jan 25- The average price of a gallon of gasoline in the United States fell 13.3 cents in the past two weeks, falling to its lowest level since late April 2009, but the end of a months-long slide may be near, according to the Lundberg survey released Sunday. Prices for regular grade gasoline fell to $2.07 a gallon in the survey dated Jan. 23 from the previous...

  • WASHINGTON, Jan 21- Most U.S. states expect to hit their revenue targets this fiscal year, but at least six states say they could fall short, the National Conference of State Legislatures said on Wednesday. Alaska, Arizona, Kentucky, Massachusetts, Michigan, and Vermont all expect to miss their revenue forecasts, according to the report. New Mexico and Indiana are...

  • LONDON, Jan 21- The eight states at the heart of the American shale oil revolution all grew faster than the U.S. national average over the last decade, according to the U.S. Bureau of Economic Analysis, underscoring the importance of oil production to the U.S. economy. North Dakota's private industry achieved a spectacular CAGR of 7.4 percent while Wyoming, Utah and...

  • WASHINGTON, Jan 14- A plunge in energy prices is hitting America's oil and gas producers, leading some firms to lay off workers while others struggle to get loans, the Federal Reserve said on Wednesday. The Fed's monthly Beige Book report on business activity had some evidence of this economic boost, with firms telling the Fed that lower gasoline prices helped...

  • WASHINGTON, Jan 13- The "CyberCaliphate" hacking group that attacked a Twitter account belonging to the Pentagon on Monday was founded by a Briton who was once jailed for hacking the personal address book of former British Prime Minister Tony Blair, according to government sources and private sector security experts. Hussain, who lived in Birmingham, England,...

  • US gas prices haven't been this low since... Monday, 12 Jan 2015 | 8:06 AM ET
    The gas cash price for regular fuel is displayed at $1.79 a gallon at a Mobil station in Livonia, Mich., Jan. 6, 2015.

    The average price of gas in the U.S. fell to its lowest level since April 2009, according to the Lundberg survey released Sunday.

  • NEW YORK, Jan 11- The average price of a gallon of gasoline in the United States fell 27 cents in the past three weeks, falling to its lowest level since April 2009, according to the Lundberg survey released Sunday. Prices for regular grade gasoline fell to $2.20 a gallon in the survey dated Jan. 9 from the previous survey on Dec 19. The highest price within the survey...

  • HOUSTON, Jan 9- New oil and gas well permits issued across the United States rose slightly in December and surged 72 percent in Colorado and Wyoming after falling sharply in November on tumbling crude prices. New permits plunged nearly 40 percent in November compared to October, signaling a potential slowdown in the shale oil and gas boom that brought the United...

  • WASHINGTON, Jan 2- The White House will soon announce a nominee to the Federal Reserve Board, a person familiar with the matter said on Friday, in a move that would begin the process of filling one of the Fed's two empty seats in Washington. The person said the White House will announce a nominee next week or the following week, adding that the nominee will likely have a...

  • JUNEAU, Alaska, Dec 31- Former U.S. Democratic Senator Mike Gravel, who represented Alaska in the 1970 s, said on Wednesday he would head a Nevada company that develops and markets cannabis throat lozenges and other products in states that have taken steps to legalize weed. Gravel's appointment comes two months after Alaska and Oregon voted to legalize marijuana...

  • State winners, losers crowned in oil shock Monday, 22 Dec 2014 | 11:33 AM ET
    Tesoro's oil refinery in Los Angeles

    Oil's drop in price is affecting states across the country in different ways, but Alaska's hit has been the hardest.

  • Slowdown signs emerge for oil states as crude slides Monday, 15 Dec 2014 | 7:25 AM ET
    Workers prepare pipes used in the drilling of shale gas.

    Some of the nation's top oil states are showing early signs of a slowdown as a result of the plunge in crude prices.