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North Dakota

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  • WASHINGTON, Nov 5- Senate Republicans will charge ahead early in 2015 with a bill to approve the long-stalled Keystone XL oil pipeline from Canada, a move that would back President Barack Obama into a corner and set the tone for how the party taking control of Congress will govern the next two years. The $8 billion project, which would deliver heavy Canadian oil...

  • CHICAGO/ LONDON, Nov 5- Pasta lovers are not savoring the lowest wheat prices in years. This year's wheat harvest was the biggest ever, but the durum crop- the type of wheat used for pasta- was the smallest in 13 years. Italian consumers will be hardest hit by any price increase as they eat an average 25.3 kilograms of pasta per year, compared with 8.8 kg per year in the...

  • "I think Keystone will be one of the first bills we'll be able to put up in the new Congress," said Hoeven, who is from the oil-rich state of North Dakota. After Tuesday's elections, Republicans will have majorities in both houses of Congress starting in January. "I've got a bill right now that's got about 56 co-sponsors," said Hoeven, who has fought for years in Congress to...

  • WASHINGTON, Nov 5- Republicans will quickly introduce stand-alone legislation in the first quarter of 2015 that would approve the Keystone XL crude oil pipeline from Canada, Republican Senator John Hoeven said in an interview. "I think Keystone will be one of the first bills we'll be able to put up in the new Congress," said Hoeven, from the oil-rich state of North...

  • Nov 4- EOG Resources Inc posted a better-than-expected quarterly profit on Tuesday thanks to jumping oil production in the Eagle Ford and Bakken shale formations. The company posted net income of $1.10 billion, or $2.01 per share in the third quarter, compared with $462.5 million, or 85 cents per share, in the year-ago period. Crude oil and condensate volumes rose...

  • *European Commission cuts forecast for euro zone growth. A Reuters report that suggested some national central bankers sought to challenge Mario Draghi's leadership style raised doubts whether the European Central Bank could step up efforts to stimulate the region's businesses and borrowing. The Commerce Department said the trade deficit grew 7.6...

  • HOUSTON, Nov 4- U.S. tight oil producer SandRidge Energy Inc, already pressured by the loss of its No. 2 executive and doubts about the quality of its acreage, said on Tuesday it would delay filing quarterly results and restate previous ones because of an SEC review. News of the restatement that will go back to late 2012 sent SandRidge shares tumbling 8 percent to...

  • *European Commission cuts forecast for euro zone growth. NEW YORK, Nov 4- U.S. Benchmark U.S. yields also retreated from 3-1/ 2- week highs set on Monday as crude prices fell to four-year lows in London on news top oil exporter Saudi Arabia cut its sales prices to the United States.

  • LONDON, Nov 4- Saudi Aramco cut the price of December crude deliveries to U.S. refiners on Monday in order to protect its competitiveness amid an erosion of its U.S. market share by rival exporters such as Canada and Iraq. With the exception of a brief period in 2009 and early 2010, Saudi exports to the United States fell to the lowest level since 1988.

  • LONDON, Nov 3- Cristina Fernandez, president of Argentina, is the sort of populist political leader financial markets love to hate. Oil output has been falling, from a peak of more than 900,000 barrels per day in 1998 to a little over 700,000 bpd in 2013, and Argentina became a net petroleum importer in 2012.. The U.S. Energy Information Administration estimates...

  • NEW TOWN, N.D., Nov. 3- A change in leadership at an American Indian reservation in North Dakota wouldn't normally get a whole lot of attention. That's because the reservation's Three Affiliated Tribes of Mandan, Hidatsa and Arikara Nation control roughly a third of North Dakota's oil output. The reformers, Damon Williams, the tribal attorney, and Mark Fox, the tax...

  • HOUSTON, Oct 31- Tesoro Corp doesn't expect to add stabilizers that remove flammable natural gas liquids from crude in North Dakota's prolific Bakken shale, where the company is expanding its pipeline infrastructure, Chief Executive Officer Greg Goff said on Friday. North Dakota plans to issue new rules for the treatment of crude on Nov. 13 to address the...

  • Oct 31- A surge in refining profits boosted quarterly results for Exxon Mobil Corp and Chevron Corp, helping to offset lower oil and gas output and slumping crude oil prices. "Exxon Mobil's quarterly results demonstrate the strength of our integrated business model," Chief Executive Officer Rex Tillerson said in a statement after his company posted results.

  • Oct 31- A surge in refining profits boosted quarterly results at Exxon Mobil Corp and Chevron Corp, helping to offset declining oil and gas production and falling crude oil prices. "Exxon Mobil's quarterly results demonstrate the strength of our integrated business model," Chief Executive Officer Rex Tillerson said in a statement after his company posted...

  • Oct 30- ConocoPhillips, the largest U.S. independent oil and gas company, on Thursday reported higher third-quarter profit after the sale of its Nigerian unit and said overall spending would decline next year, partly in response to falling crude oil prices. Crude traded in New York fell to a more than two-year low on Monday at $79.44 a barrel but recovered a bit to...

  • Concerns about slowing growth in Europe and a stronger dollar have helped push the price of light crude oil down about 25 percent since June to about $82 a barrel, creeping closer to the average marginal cost of crude production of about $73 a barrel for U.S. onshore work, according to a research note from Baird Equity Research. "The market is selling all of these...

  • LONDON, Oct 30- According to many commentators, cheap natural gas is producing a renaissance in U.S. manufacturing and putting European competitors at a disadvantage. But empirical studies show the impact has been small and concentrated in a handful of energy-intensive industries that account for only a small share of manufacturing value-added.

  • Oct 29- Oil and gas producer Hess Corp posted a better-than-expected quarterly profit on Wednesday as production jumped and costs fell in North Dakota's booming Bakken shale formation. The company, which also produces oil in Norway, Ohio and the U.S. Net income surged to $1 billion, or $3.31 per share, in the third quarter from $420 million, or $1.23 per share, in the...

  • Oct 29- Oil and gas producer Hess Corp posted a better-than-expected quarterly profit on Wednesday as production jumped in North Dakota's Bakken shale formation. Net income surged to $1 billion, or $3.31 per share, in the third quarter from $420 million, or $1.23 per share, in the year-ago period. Production in North Dakota jumped 21 percent to 86,000 boe/d.

  • In some states, cheap oil isn't such a good thing Tuesday, 28 Oct 2014 | 10:15 AM ET
    An oil refinery in Kenai, Alaska.

    The recent drop in oil prices may soon take a big bite out of tax revenues in states that are big energy producers.