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  • AP NewsAlert Tuesday, 26 May 2015 | 2:00 PM ET

    GRAND FORKS, N.D.— Police: Gunman in deadly Wal-Mart shooting in North Dakota was Air Force airman, killed self.

  • Police: US airman shoots Wal-Mart workers, kills self Tuesday, 26 May 2015 | 7:08 AM ET

    The father and girlfriend of a U.S. Air Force airman accused of a deadly shooting at a Wal-Mart Supercenter in North Dakota early Tuesday are saying little about the man. Grand Forks police say 21- year-old Marcell Willis walked into the store and opened fire with a handgun, killing one worker and injuring a second before shooting himself. A U.S. airman walked into...

  • WASHINGTON— If there was one thing most economists agreed on at the start of the year, it was this: Plunging oil prices would boost the U.S. economy. At $2.74 a gallon, the average price of gas nationwide is nearly $1 lower than it was a year ago. Consider what Federal Reserve Chair Janet Yellen said in December: Lower gas prices, Yellen declared, are "certainly good for...

  • The oil pipeline leak that fouled a stretch of California coastline this week reflects a troubling trend in the nation's infrastructure: As U.S. oil production has soared, so has the number of pipeline accidents. "Tick, tick, tick," said Robert Bea, a professor emeritus in civil engineering at the University of California, Berkeley. Since 1995, there have been more...

  • US oil and natural gas rig count drops by 3 to 885 Friday, 22 May 2015 | 1:22 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by three this week to 885.. Among major oil- and gas-producing states, Louisiana lost four rigs, West Virginia declined by three and Kansas, North Dakota and Ohio each lost one. Alaska, California, Colorado, Texas, Utah and Wyoming were all...

  • HOUSTON— Vanguard Natural Resources LLC will acquire Eagle Rock Energy Partners LP in a $474 million deal. Vanguard Natural Resources will also assume $140 million of debt from Eagle Rock Energy Partners, which will become a wholly-owned indirect subsidiary. The company has operations in Texas, Wyoming, Arkansas, Oklahoma, New Mexico, Montana, Colorado,...

  • HOUSTON, May 21- A judge on Thursday denied Royal Dutch Shell's appeal of a ruling that a proposed oil-by-rail project at its Washington state refinery must undergo a full environmental review, just two weeks after a crude train derailment caused a fire in North Dakota. Shell had appealed a February ruling from a Skagit County Office of Land Use Hearings...

  • Obama's trade agenda clears key Senate hurdle Thursday, 21 May 2015 | 3:29 AM ET

    WASHINGTON— In a triumph for President Barack Obama, sweeping legislation to strengthen the administration's hand in global trade talks advanced toward Senate passage Thursday after a showdown vote that remained in doubt until the final moment. We're going to continue and finish up the bill this week, "Majority leader Mitch McConnell, R- Ky., and Obama's most...

  • Corn futures also rose at the Chicago Board of Trade, following gains in wheat and on fears that frost in North Dakota could harm emerging plants there. "We are probably trading headlines today- forecasts for heavy rains in Texas and Oklahoma," said Austin Damiani, analyst at Frontier Futures. Rains could arrive midweek in Texas and Oklahoma, possibly causing local...

  • LOS ANGELES, May 18- Nearly six million people with disabilities may benefit from new tax-free savings plans approved by Congress last year, but the accounts may not be as helpful or available as quickly as originally promised. After a decade of lobbying by disability advocates, Congress passed The Achieving a Better Life Experience Act in the final hour before...

  • KUALA LUMPUR, May 18- ConocoPhillips expects to maintain capital expenditure for the next three years, after reducing it earlier this year due to the oil price drop, Chief Executive Ryan Lance told Reuters on Monday. ConocoPhillips, like other exploration and production companies, has slashed capital spending in response to persistently lower oil prices, and...

  • HOUSTON, May 15- BNSF Railway Co this week told customers it had dropped a plan announced last year to buy 5,000 stronger crude oil tank cars after customers were concerned about the company moving into railcar ownership. The company, owned by Warren Buffett's Berkshire Hathaway Inc also said in a letter sent to shippers on Wednesday it is concerned that new U.S....

  • WILLISTON, N.D., May 15- Oil and gas producer WPX Energy Inc would add one or two drilling rigs in North Dakota if WTI oil prices stabilized around $65 per barrel, Chief Executive Rick Muncrief told Reuters on Friday. The forecast falls in line with U.S. shale peers, several of whom have pointed to $65 to $70 per barrel as the range in which they would add rigs and ramp up...

  • LONDON, May 14- U.S. shale producers are the new "swing producers" in the oil market, as many analysts have noted, but the status of swing producer is hugely misunderstood. Between the 1930 s and the 1970 s, the role fell to small, independent well owners of Texas, who were forced to limit their production to balance the global oil market. The swing producer role has now...

  • UPDATE 8-Oil down on ample supply as June Brent expires Thursday, 14 May 2015 | 3:26 PM ET

    *Singapore- flagged oil products tanker fired on in Gulf. Expiring front-month Brent June crude fell 22 cents to settle at $66.59 a barrel. RBOB gasoline futures rose 1.70 cents to settle at $2.0575 a gallon and ULSD futures managed a 0.05 cent gain to $2.0056.

  • *Singapore- flagged oil products tanker fired on in Gulf. *Brent June crude contract expires on Thursday. Expiring front-month Brent June crude was down 26 cents at $66.65 a barrel at 1:17 p.m. EDT.

  • *Singapore- flagged oil products tanker fired on in Gulf. Prices, especially Brent's, received support from news that Iran's Revolutionary Guard fired warning shorts over a Singapore- flagged oil products tanker in international waters in the Gulf. Expiring Brent June crude was up 19 cents at $67 a barrel at 11:43 a.m. EDT, having swung from $66.32 to $67.29.

  • *North Dakota posts surprise oil output jump. LONDON, May 14- Oil slipped back below $67 a barrel on Thursday as a market torn between a U.S. stock draw and an overall glut of crude in the Atlantic Basin struggled for direction. June Brent crude was trading 10 cents lower at $66.71 a barrel as of 1434 GMT, after trading as high as $67.29.

  • COLUMN-Who wants to be a swing producer? No one: Kemp Thursday, 14 May 2015 | 8:45 AM ET

    LONDON, May 14- U.S. shale producers are the new "swing producers" in the oil market, as many analysts have noted, but the status of swing producer is hugely misunderstood. Between the 1930 s and the 1970 s, the role fell to small, independent well owners of Texas, who were forced to limit their production to balance the global oil market. The swing producer role has now...

  • *North Dakota posts surprise oil output jump. LONDON, May 14- Oil prices steadied above $67 a barrel in choppy trading on Thursday as the market shook off concerns surrounding the overall glut of crude in the Atlantic Basin. June Brent crude was trading 39 cents higher at $67.20 a barrel as of 1139 GMT, after trading as low as $66.32.