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Top News & Analysis North Dakota

  • *Saudis say OPEC won't extend cuts to offset US shale- sources. NEW YORK, March 9- Oil fell about 2 percent on Thursday, extending the previous session's slump to prices not seen since an OPEC- led pact to cut production was agreed, as record U.S. crude inventories fed doubts about the effectiveness of the deal to curb a global glut. U.S. crude prices fell through the $50 a...

  • *OPEC compliance with output cuts beats target- Kuwait. *OPEC, non- OPEC to meet March 26 to discuss production cuts. NEW YORK, March 9- Oil prices slid nearly 3 percent on Thursday, extending the previous session's dive that brought prices to the lowest levels this year, as record U.S. crude inventories fed doubts about whether OPEC- led supply cuts would reduce a global...

  • *OPEC compliance with output cuts beats target- Kuwait. *OPEC, non- OPEC to meet March 26 to discuss production cuts. NEW YORK, March 9- Oil prices slid 2 percent on Thursday, extending the previous session's dive that brought prices to the lowest levels this year, as record U.S. crude inventories fed doubts about whether OPEC- led supply cuts would reduce a global glut.

  • HOUSTON, March 9- U.S. shale oil producers are plotting ambitious production growth outside the red-hot Permian Basin in Texas, widening a resurgence that could confound OPEC's strategy to tighten global supplies. As shale firms rebound from a two-year price war with OPEC, many are planning to expand production in North Dakota, Oklahoma and other shale regions.

  • Judge James Boasberg of the U.S. District Court for the District of Columbia rejected the tribes' request for an injunction to withdraw permission issued by the Army Corps for the last link of the oil pipeline under Lake Oahe in North Dakota. The tribes had argued that the pipeline would render water they use for religious ceremonies spiritually impure even if...

  • HOUSTON, March 6- Norwegian oil producer Statoil ASA expects its U.S. shale operations to be profitable within two years at crude prices of $50 per barrel, an improvement helped by simplifying operations, technological improvements and cost cuts. "Our business clearly makes sense in a $50 environment," Reitan said Monday on the sidelines of the CERAWeek...

  • Drillers added seven oil rigs in the week to March 3, bringing the total count up to 609, the most since October 2015,. Since crude prices first topped $50 a barrel in May after recovering from 13- year lows in February 2016, drillers have added a total of 293 oil rigs in 36 of the past 40 weeks, the biggest recovery in rigs since a global oil glut crushed the market over...

  • LONDON, March 2- U.S. crude oil production appears to be rising strongly thanks to increased shale drilling as well as rising offshore output from the Gulf of Mexico. Production averaged almost 9 million barrels per day in the four weeks to Feb. 24, according to the latest weekly estimates published by the Energy Information Administration.

  • Federal Reserve will continue raising interest rates, possibly as soon as this month, while the Bank of Canada stays on hold until 2018, a Reuters poll predicted. Record U.S. stock-market highs following President Donald Trump's address to Congress that still offered few details on stimulus plans sent the Canadian dollar to a five-week low against the...

  • LONDON, March 2- U.S. crude oil production appears to be rising strongly thanks to increased shale drilling as well as rising offshore output from the Gulf of Mexico. Production averaged almost 9 million barrels per day in the four weeks to Feb. 24, according to the latest weekly estimates published by the Energy Information Administration.

  • "Our job is to compete and succeed in any market," new Chief Executive Officer Darren Woods said at the company's annual analyst day in New York. "Darren Woods did an effective job in laying out the story, but he was hamstrung by his predecessor's mistakes and the market's increasingly skeptical sentiment on the stock," Raymond James analyst Pavel Molchanov said.

  • Wells Fargo had previously estimated that up to 2.1 million customers may have had checking and credit-card accounts opened in their names without their permission over a period of several years. An ongoing analysis of customer data may also be turning up more affected customers, according to Wells' annual 10- K filing with the U.S. Securities and Exchange...

  • NEW YORK, March 1- Exxon Mobil Corp, the world's largest publicly traded oil producer, sought to reassure anxious investors on Wednesday about its growth potential, highlighting both short- and long-term projects executives said should continue to help fund the 106- year-old dividend. "Our job is to compete and succeed in any market," Chief Executive Darren Woods...

  • The pitch comes as Exxon has lagged peers, including Chevron Corp, in the minds of Wall Street analysts concerned about the company's ability to replace its oil and gas reserves, a key harbinger of future profitability. Seeking to soothe analysts' concerns, the company touted short-term projects in North Dakota and Texas, while also pointing to larger endeavors...

  • March 1- Wells Fargo& Co said eight senior executives, including Chief Executive Tim Sloan and Chief Financial Officer John Shrewsberry, will not receive cash bonuses for 2016, as the bank looks to increase accountability following a sales scandal. Wells Fargo said the board had taken these actions based on the accountability of all those in senior management...

  • Feb 28- President Donald Trump opened the door on Tuesday to a broad overhaul of the U.S. immigration system and vowed to pursue massive tax relief for the middle class in a speech to Congress as he sought to rebound from a chaotic start to his presidency. BRIAN REYNOLDS, CHIEF MARKET STRATEGIST, NEW ALBION PARTNERS, NEW YORK. "With no surprises and few financial...

  • Feb 28- President Donald Trump opened the door on Tuesday to a broad overhaul of the U.S. immigration system and vowed to pursue massive tax relief for the middle class in a speech to Congress as he sought to rebound from a chaotic start to his presidency. 1/ 2 nL2N1GD0FO 3/ 8. BRIAN REYNOLDS, CHIEF MARKET STRATEGIST, NEW ALBION PARTNERS, NEW YORK. "With no surprises and few...

  • Feb 28- President Donald Trump opened the door on Tuesday to a broad overhaul of the U.S. immigration system and vowed to pursue massive tax relief for the middle class in a speech to Congress as he sought to rebound from a chaotic start to his presidency. 1/ 2 nL2N1GD0FO 3/ 8. BUCKY HELLWIG, SENIOR VICE PRESIDENT, BB&T WEALTH MANAGEMENT, BIRMINGHAM, ALABAMA:.

  • Feb 28- President Donald Trump opened the door on Tuesday to a broad overhaul of the U.S. immigration system and vowed to pursue massive tax relief for the middle class in a speech to Congress as he sought to rebound from a chaotic start to his presidency. 1/ 2 nL2N1GD0FO 3/ 8. He emphasized his desire to focus on problems at home by boosting the U.S. economy with tax...

  • Feb 28- President Donald Trump opened the door on Tuesday to a broad overhaul of the U.S. immigration system and vowed to pursue massive tax relief for the middle class in a speech to Congress as he sought to rebound from a chaotic start to his presidency. 1/ 2 nL2N1GD0FO 3/ 8. He emphasized his desire to focus on problems at home by boosting the U.S. economy with tax...