Top News & Analysis North Dakota

  • "We have had a strong run on both corn and soybeans there is no fresh news to pop markets any more at the moment," said Mike Krueger, president of the Money Farm, a grain market advisory service near Fargo, North Dakota. At 10:27 a.m. CDT, Chicago Board of Trade July soybean futures were down 7-1/ 4 cents at $11.31 a bushel. In a weekly update released after the market closed...

  • June 3- A Union Pacific train carrying crude oil derailed and caught fire along Oregon's scenic Columbia River gorge on Friday, forcing the closure of an interstate highway and the evacuation of a school in the first major rail accident involving crude in a year. Union Pacific Corp, which owns the line, said 11 rail cars from a 96- car train carrying Bakken crude oil...

  • MIDLAND, Texas/ HOUSTON, June 2- As crude prices plummeted last summer, Steve Pruett, chief executive of a small west Texas oilfield developer, idled a drilling rig, opting to pay $21,000 a day to store it rather than dig more wells and risk bigger losses. With crude prices now nearly double their February lows near $26 per barrel, new wells in the Permian Basin- North...

  • WASHINGTON, May 31- The U.S. Supreme Court dealt a setback to federal authorities on environmental law by ruling on Tuesday that property owners can challenge the government over the need for costly permits under a water protection statute in a Minnesota peat mine dispute. The court decided 8-0 in favor of North Dakota- based Hawkes Co Inc, which challenged a U.S....

  • WASHINGTON, May 31- A unanimous U.S. Supreme Court on Tuesday ruled that property owners can challenge the federal government in court over the need for costly permits under a water protection law in a case involving a company's plans for a Minnesota peat mine. The court ruled 8-0 in favor of North Dakota- based Hawkes Co Inc, which challenged a U.S. Army Corps of...

  • Supporters wait for the presumtive Republican presidential candidate Donald Trump to speak at a rally in Fresno on May 27, 2016 in Fresno, California.

    Donald Trump's supporters in North Dakota couldn't have been more ecstatic about his newly outlined energy policies.

  • Among the proposals, Trump said he would pull the United States out of the U.N. global climate accord, approve the Keystone XL oil pipeline from Canada and rescind measures by President Barack Obama to cut U.S. emissions and protect waterways from industrial pollution. "Any regulation that's outdated, unnecessary, bad for workers or contrary to the national...

  • Trump said he would pull the United States out of the U.N. global climate accord, approve the Keystone XL oil pipeline from Canada and rescind measures by President Barack Obama to cut U.S. emissions and expand protections for U.S. waterways. "Any regulation that's outdated, unnecessary, bad for workers or contrary to the national interest will be scrapped and...

  • BISMARCK, ND, May 26- Donald Trump, the presumptive Republican presidential nominee, said on Thursday that he would pull the United States out of the U.N. global climate accord and slash environmental regulations on the energy industry if elected. The comments deepen the contrast between the New York billionaire and his Democratic rivals for the White House,...

  • ND Delegate supports Trump's energy policy

    Gary Emineth, North Dakota unbound delegate and Former North Dakota RNC Chairman, speaks about his support for Donald Trump and Trump's energy plans.

  • May 25- Minneapolis Federal Reserve Bank President Neel Kashkari said on Wednesday that negative interest rates, used by central banks in Europe and Japan to stimulate their economies, would only be a last resort for the U.S. central bank. Speaking in Bismarck, N.D. at an oil industry conference, Kashkari said he expects moderate growth for the U.S. economy ahead,...

  • LONDON/ CHICAGO May 20- Shortly after 7 p.m. on January 12, 2015, a message from a secure computer terminal at Banco del Austro in Ecuador instructed San Francisco- based Wells Fargo to transfer money to bank accounts in Hong Kong. Wells Fargo has countered that security lapses in BDA's own operations caused the Ecuadorean bank's losses. SWIFT, an acronym for the...

  • LONDON/ CHICAGO May 20- Shortly after 7 p.m. on January 12, 2015, a message from a secure computer terminal at Banco del Austro in Ecuador instructed San Francisco- based Wells Fargo to transfer money to bank accounts in Hong Kong. Wells Fargo has countered that security lapses in BDA's own operations caused the Ecuadorean bank's losses. SWIFT, an acronym for the...

  • May 18- Halcón Resources Corp, which produces oil in Texas and North Dakota, said on Wednesday it plans to file for a prepackaged bankruptcy that would wipe out $1.8 billion in debt and help it survive the drop in crude prices. Shares of the Houston- based company fell 55 percent to 44 cents in after-hours trading. Together with several former colleagues from...

  • The postal services business he had built over three short years was thriving, catering to the tens of thousands of people who, like him, had streamed into North Dakota to strike it rich during an unprecedented oil boom. But the price drop quickened, due in part to a supply glut from the 1.2 million barrels of oil North Dakota was pumping each day.

  • State lawmakers voted to keep in place some of the lowest taxes on oil and gas production in the United States- a break worth $470 million in fiscal year 2015 alone. In Newcastle, 23 miles from the capital of Oklahoma City, John Cerny recently learned that the school attended by his five-year-old granddaughter, Adelynn, will open just four days a week next year.

  • State lawmakers voted to keep in place some of lowest taxes on oil and gas production in the United States- a break worth $470 million in fiscal year 2015 alone. In Newcastle, 23 miles from the capital of Oklahoma City, John Cerny recently learned that the school attended by his five-year-old granddaughter, Adelynn, will open just four days a week next year.

  • Soybeans eased on technical selling and slowing export demand, while Chicago wheat finished unchanged after a late round of short-covering. Chicago Board of Trade's July corn contract added 3-1/ 4 cents to $3.94 a bushel. Corn gained as traders reversed previous spread trades that were long soybeans and short corn, following technical trading factors, said...

  • NEW YORK, May 16- U.S. shale oil output is expected to fall in June for the eighth consecutive month, according to a U.S. government forecast on Monday, as the squeeze from a two-year rout in crude prices worsens. Total output is expected to fall by nearly 113,000 bpd to 4.85 million bpd, according to the U.S. Energy Information Administration's drilling productivity...

  • Chicago Board of Trade's most active wheat contract lost 3 cents or 0.6 percent at $4.71-3/ 4 a bushel as of 10:45 a.m. CDT. "We just continue to hear about improving crops in other parts of the world," said Mike Krueger, president of The Money Farm in Fargo, North Dakota. Private analytics firm Informa Economics on Monday estimated U.S. corn area at 93.4 million acres,...