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  • NEW YORK, Jan 12- U.S. oil stumbled below $30 for the first time in 12 years to levels that threaten the survival of many U.S. shale firms, spur more belt-tightening by oil majors and spell more pain for crude-producing nations and regions. Some analysts warned of $20 a barrel; Standard Chartered said fund selling may not relent until it reaches $10.

  • NEW YORK, Jan 11- U.S. shale oil production is expected to fall for a seventh month in a row in February, declining at about the same rate as the month before as drillers manage to eke out a few more barrels from each new well, U.S. data showed on Monday. Total output was set to decline by 116,000 bpd to 4.8 million bpd in February compared with January, a U.S. Energy...

  • HOUSTON, Dec 28- A snowstorm dumped around two feet of snow in parts of the Permian Basin in West Texas and New Mexico over the weekend, crimping some crude output and leaving roads dangerous for trucks heading to and from oil wells, forecasters and companies said on Monday. Snow had stopped accumulating by Monday afternoon but "travel continues to be impacted as...

  • NEW YORK, Dec 21- Lower tax revenues because of job losses in energy and related sectors due to the collapse in oil prices will hit the budgets of oil-producing states through the remainder of this fiscal year and next, Moody's Investors Service said on Monday. Moody's analysts expect to see a similar dynamic to Oklahoma in Alaska, Louisiana, New Mexico, North...

  • Drillers added 17 oil rigs in the week ended Dec. 18, bringing the total up to 541, oil services company Baker Hughes Inc said in its closely followed report. In the minutes after Baker Hughes released the report, U.S. crude futures fell 20 cents to $34.29 a barrel, the lowest level since February 2009, before paring losses. U.S. crude futures for next year were trading...

  • WASHINGTON, Dec 18- The U.S. Congress voted on Friday to repeal the 40- year-old ban on exporting U.S. crude oil in an energy policy shift sought by Republicans as part of a bipartisan deal that also provided unprecedented tax incentives for wind and solar power. The Senate, on a 65-33 vote, passed a $1.1 trillion government spending bill that included the measure to...

  • WASHINGTON, Dec 17- Privately held U.S. coal company Bowie Resource Partners wants taxpayers to guarantee more than $360 million in future cleanup costs for mines in New Mexico and Colorado, U.S. officials said, a move that analysts estimate would save the company $6 million a year. Coal companies are required by U.S. regulations to rehabilitate the environment...

  • NEW YORK, Dec 16- U.S. top-rated municipal bonds were little changed on Wednesday after the Federal Reserve raised interest rates for the first time in nearly a decade and bond investors adjusted to the likelihood of more increases next year. "We are on a new trajectory and potentially a totally new economic environment," said Jim Colby, chief municipal strategist...

  • Drillers removed 21 oil rigs in the week ended Dec. 11, bringing the total rig count down to 524, the least since April 2010, oil services company Baker Hughes Inc said in its closely followed report. U.S. crude futures fell as low as $35.35 a barrel on Friday, its lowest level since February 2009, after the International Energy agency warned global oversupply could...

  • NEW YORK, Dec 4- The U.S. Supreme Court on Friday agreed to hear Puerto Rico's bid to reinstate a law that would allow restructuring of the U.S. territory's public agencies as the Caribbean island grapples with its huge debt load. DAVID TAWIL, PRESIDENT, MAGLAN CAPITAL, NEW YORK. "I think that Congress is not about to do anything.

  • On Friday, OPEC decided to keep production near record highs despite depressed prices, as a way to boost market share by forcing rivals to reduce output. Drillers removed 10 oil rigs in the week ended Dec. 4, bringing the total rig count down to 545, the least since June 2010, oil services company Baker Hughes Inc said in its closely followed report.

  • Drillers removed nine oil rigs in the week ended Nov. 25, bringing the total rig count down to 555, the least since June 2010, oil services company Baker Hughes Inc said in its closely followed report. Baker Hughes issued the report two days earlier than usual due to the U.S. U.S. crude prices gained 20 cents after Baker Hughes issued the report, briefly pushing the...

  • WASHINGTON, Nov 23- U.S. federal agencies will reduce greenhouse gas emissions from their operations to 41.8 percent below 2008 levels by 2025, the White House announced on Monday. The announcement comes one week before nearly 200 countries meet in Paris to negotiate a United Nations climate change pact and eight months after President Barack Obama ordered...

  • Peabody Energy agrees to sell to Bowie Monday, 23 Nov 2015 | 11:00 AM ET
    Peabody Energy agrees to sell to Bowie

    Bowie to acquire Peabody Energy's coal assets in Colorado and New Mexico.

  • Drillers removed 10 oil rigs in the week ended Nov. 20, the biggest weekly decline since late October, bringing the total rig count down to 564, oil services company Baker Hughes Inc said in its closely followed report. U.S. crude oil futures averaged $41 a barrel so far this week, down from $43 last week, as crude inventories rose for the eighth consecutive week and...

  • Drillers added 2 oil rigs in the week ended Nov. 13, bringing the total rig count up to 574, oil services company Baker Hughes Inc said in its closely followed report. In the minutes after Baker Hughes released the report, U.S. crude prices dipped about 20 cents to around $40.50 a barrel. U.S. crude futures for next year were trading around $46 a barrel, according to the...

  • BARCELONA, Nov 11- Austria's AMS is not sitting still after a previous merger fell apart in the early days of what is now an industry- wide consolidation trend that has gripped many bigger players, the company's chief financial officer said on Wednesday. Speaking to investors at Morgan Stanley's European TMT conference, he said AMS could be a buyer or a seller, 16...

  • Aerojet small satellite launcher fails its first flight Wednesday, 4 Nov 2015 | 4:10 PM ET

    CAPE CANAVERAL, Fla., Nov 4- An experimental rocket built by Aerojet Rocketdyne Holdings Inc failed its debut flight, a setback for a U.S. military initiative to develop a low-cost, on-demand small satellite launcher, officials said on Wednesday. The three-stage, solid-fuel Super Strypi was developed in partnership by the U.S. Department of Energy's Sandia...

  • Over the past eight weeks, drillers cut a total of 81 rigs, oil services company Baker Hughes Inc said in its closely followed report. U.S. oil futures this week however have lost over 5 percent to average $45 a barrel, sliding for a second straight week, on continuing oversupply concerns even as China's latest interest rate cut raised hopes for stronger demand from...

  • MADRID, Oct 18- Many countries around the world offer tax rebates or tax credits to attract foreign film or TV productions, as well as animation or video game projects, which can boost local economies. Spain is trying to catch up, with a 15 percent rebate for international production costs up to a cap of 2.5 million euros as it hopes to create jobs and bring...