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Top News & Analysis North Dakota

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  • LONDON, Aug 19- Health officials in Britain have for the first time endorsed e-cigarettes, saying they are 95 percent safer than tobacco equivalents and even suggesting doctors should be able to prescribe the "game-changing" devices to smokers trying to quit. Governments from California to India have tried to regulate their use more strictly, many fearing they...

  • U.S. consumers have $1 trillion of automobile loans outstanding, up from about $700 billion in the first quarter of 2010, according to data from the New York Federal Reserve. The fourth-largest U.S. bank has 56 branches for car and dealer financing, including one it recently opened in Cherry Hill, New Jersey, said Dawn Martin Harp, head of dealer services.

  • The problem was particularly acute in North Dakota in recent years because of the oil drilling activity in the western part of the state. "I have not heard of anything anybody is concerned about," said Watne, whose group has about 41,000 members in North Dakota. Dawna Leitzke, director of the South Dakota Petroleum Marketers Association, said an expected "...

  • With as many as 70 oil trains rumbling across Pennsylvania each week, the administration of Gov. CSX and Norfolk Southern carry huge volumes of crude through Pennsylvania to refineries in Philadelphia and elsewhere. CSX and Norfolk Southern already follow many of the best practices identified in the report.

  • LONDON, Aug 17- Hedge funds remained unusually bearish on U.S. oil prices last week even as the cost of WTI tumbled towards the lowest level since 2009.. Hedge funds and other money managers held short positions in WTI-linked futures and options equivalent to more than 193 million barrels of oil, according to the U.S. Commodity Futures Trading Commission.

  • MEXICO CITY, Aug 14- An historic crude oil swap between the United States and Mexico is "great news" for both countries, and Mexico's national oil company Pemex expects the permit by the end of this month, the head of its commercial arm said on Friday. Reuters reported earlier on Friday that the Obama administration will allow limited sales of U.S. crude to Mexico for...

  • WASHINGTON, Aug 14- The Obama administration will allow limited sales of U.S. crude to Mexico for the first time, a senior administration official told Reuters, marking another milestone in loosening a contentious ban on exporting domestic oil. The approvals come eight months after Mexico formally sought permission for a swap, a historic step for a nation where...

  • Reflecting plans announced in May and June, when U.S. crude futures averaged $60 a barrel, drillers added two oil rigs in the week ended Aug. 14, bringing the total count up to 672, the highest since early May, oil services company Baker Hughes Inc said in its closely followed report. Drillers added oil rigs in two of the four major U.S. shale oil basins, with five in the...

  • *North Dakota crude production rises in June. "Producers don't seem to want to blink," said Gene McGillian, senior analyst at Tradition Energy in Stamford, Connecticut, commenting on the North Dakota data. September crude was up 21 cents at $42.44 a barrel at 11:55 a.m. EDT, after reaching $42.96 and having fallen to $41.35, the lowest front-month price since March...

  • WASHINGTON, Aug 14- The Obama administration will allow limited sales of U.S. crude to Mexico for the first time, a senior administration official told Reuters, marking another milestone in loosening a contentious ban on exporting domestic oil. The approvals come eight months after Mexico formally sought permission for a swap, a historic step for a nation where...

  • Illinois- based CF Industries Holdings Inc, the world's third-largest nitrogen fertilizer producer, was involved in three of four deals in the past month, taking out two potential competitors in its backyard and locking up sales volumes in the United States, the world's No. 1 corn-producing country. The deals increase CF's market clout by removing two...

  • Shale is more expensive to produce than oil from the giant conventional fields of the Middle East but cheaper than deepwater megaprojects and competes directly against the North Sea and Canada's oil sands. Megaprojects developed by the major international companies must now be benchmarked at prices of just $70 or even $50 a barrel rather than the $80- $100...

  • Illinois- based CF Industries Holdings Inc, the world's third-largest nitrogen fertilizer producer, was involved in three of four deals in the past month, taking out two potential competitors in its backyard and locking up sales volumes in the United States, the world's No. 1 corn-producing country. The deals increase CF's market clout by removing two...

  • LONDON, Aug 12- North America's leading independent oil and gas producers reported large losses in the second quarter despite cutting costs and increasing output. Ten of the largest independent oil and gas producers in the United States reported total losses of almost $15 billion between April and June, compared with profits of almost $3.5 billion a year...

  • Wells Fargo has launched an auction for the business that could fetch more than $1 billion, people familiar with the matter said. Bidders for RCIS could include reinsurers seeking exposure to the primary insurance market such as Bermuda- based PartnerRe Ltd or Axis Capital Holdings Ltd, the sources said. Axis and PartnerRe declined to comment, MunichRe and...

  • LONDON, Aug 7- North America's shale drillers are struggling with the renewed slump in oil prices, despite cutting costs, boosting output, and in some cases employing hedging to improve realised prices. Spot WTI has fallen 20 percent since mid-April but the share price of Pioneer Natural Resources has dropped 30 percent and Continental Resources is down almost...

  • Aug 6- EOG Resources Inc reported a better-than-expected adjusted quarterly profit on Thursday as the oil producer successfully slashed well and transportation costs to offset plunging crude prices. While EOG is trimming its capital budget for the year by $200 million, Chief Executive Bill Thomas said he is "excited about the company's continued...

  • Sewage flow becomes Williston's oil bust indicator Thursday, 6 Aug 2015 | 1:00 AM ET

    That's not going to catch any swift changes in the population of cities like Williston. "Here in Williston, the growth rate is not predictable," said David Tuan, director of the city's public works department. The recent high-water mark for Williston's population was 33,866 in August of last year, just before the oil price collapse.

  • Aug 5- Continental Resources Inc, the second-largest oil producer in North Dakota's Bakken shale formation, posted a better-than-expected quarterly profit on Wednesday as the company slashed costs to offset plunging crude prices. In a bold bet on oil prices and the ability to keep costs low, Chief Executive Harold Hamm boosted Continental's 2015 production...

  • LONDON, Aug 3- The biggest losers from the current price war between OPEC and the shale producers seem set to be producers outside the Middle East and North America caught in the cross-fire. Expensive production from the North Sea, Canada's oil sands, offshore megaprojects, weaker African and Latin American members of OPEC, and frontier exploration areas around...