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Top News & Analysis North Dakota

  • *OPEC's willingness to extend production cuts in doubt. NEW YORK, March 10- Oil skidded again on Friday, pushing prices to three-month lows as investors continued to flee bullish positions on worries that OPEC- led production cuts have not yet reduced a global glut of crude. U.S. crude settled down 79 cents, or 1.6 percent, to $48.49 a barrel, while Brent crude ended...

  • *OPEC's willingness to extend production cuts in doubt. NEW YORK, March 10- Oil skidded again on Friday, pushing prices to three-month lows as investors continued to flee bullish positions on worries that OPEC- led production cuts have not yet reduced a global glut of crude. U.S. crude fell 84 cents, or 1.8 percent, to $48.44 a barrel, as of 1:22 p.m. ET.

  • March 10- U.S. drillers added oil rigs for an eighth week in a row to the most since September 2015, extending a ten-month recovery as energy companies boost spending to take advantage of a recovery in crude prices since OPEC agreed to cut production late last year. "We will not see the impact of this week's crude price collapse for another couple of months," James...

  • NEW YORK, March 10 (Reuters)- Oil prices fell for a third day on Friday, extending a selloff on heightened worries that OPEC- led production cuts have not yet reduced a global glut of crude. Senior Saudi officials told U.S. oil firms in a closed-door meeting they should not assume OPEC would extend output curbs to offset rising production from U.S. shale fields,...

  • *U.S. crude oil dropped below $50 on Thursday. LONDON, March 10- Oil prices steadied on Friday after dropping to their lowest in more than three months, pressured by heavy oversupply despite OPEC- led production cuts. Brent crude oil was down 10 cents at $52.09 a barrel by 1445 GMT, after falling 1.7 percent on Thursday and 5 percent the day before in its biggest...

  • LONDON, March 10- Oil prices recovered a little on Friday after dropping to their lowest in more than three months, pressured by heavy oversupply despite OPEC- led production cuts. Brent crude oil was up 20 cents at $52.39 a barrel by 1320 GMT, after falling 1.7 percent on Thursday and 5 percent the day before in its biggest percentage decline in a year.

  • *OPEC's willingness to extend production cuts in doubt. LONDON, March 10- Oil prices recovered a little on Friday after dropping to their lowest in more than three months, pressured by heavy oversupply despite OPEC- led production cuts. Brent crude oil was up 30 cents at $52.49 a barrel by 1200 GMT, after falling 1.7 percent on Thursday and 5 percent the day before in...

  • *OPEC's willingness to extend production cuts in doubt. LONDON, March 10- Oil prices recovered a little on Friday after dropping to their lowest in more than three months, pressured by heavy oversupply despite OPEC- led production cuts. Brent crude oil was up 35 cents at $52.54 a barrel by 0950 GMT, after falling 1.7 percent on Thursday and 5 percent the day before in...

  • *OPEC's willingness to extend production cuts in doubt. LONDON, March 10- Oil prices recovered a little on Friday after dropping to their lowest in more than three months, pressured by heavy oversupply despite OPEC- led production cuts. Brent crude oil was up 15 cents at $52.34 a barrel by 0900 GMT, after falling 1.7 percent on Thursday and 5 percent the day before in...

  • *U.S. oil dropped below $50 on Thursday. West Texas Intermediate crude was up 17 cents, or 0.4 percent, at $49.45 a barrel at 0746 GMT. It fell below $50 on Thursday for the first since mid-December, when OPEC and other producers agreed to cut output.

  • *U.S. oil dropped below $50 on Thursday. West Texas Intermediate crude was up 37 cents, or 0.8 percent, at $49.65 a barrel at 0604 GMT. It fell below $50 on Thursday for the first since mid-December, when OPEC and other producers agreed to cut output.

  • *U.S. oil dropped below $50 on Thurs. West Texas Intermediate crude was up 40 cents at $49.68 a barrel at 0151 GMT. It fell below $50 on Thursday for the first since mid-December, when OPEC and other producers agreed to cut output.

  • TOKYO, March 10- U.S. crude prices edged up on Friday after dropping below $50 per barrel for the first time since December in the previous session, pressured by concerns that a global supply glut is proving stubbornly persistent. The U.S. contract fell below $50 on Thursday for the first since mid-December, when OPEC producers and a group of other countries...

  • Both benchmarks hit lows not seen since OPEC deal Nov. 30. *Brent at record trading volume, WTI highest since OPEC deal. NEW YORK, March 9- Oil fell about 2 percent on Thursday in heavy trade, 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...

  • *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...