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  • LONDON, Nov 12- U.S. natural gas production hit a new record in August, despite the deepening slump in gas prices and a fall in the number of rigs targeting gas formations. The United States produced 2.5 trillion cubic feet of gas in August, up 7 percent compared with the same month in 2014, according to the U.S. Energy Information Administration.

  • JPMorgan settles California debt collection charges Monday, 2 Nov 2015 | 3:46 PM ET

    Nov 2- JPMorgan Chase& Co will pay $50 million to settle charges that it engaged in abusive credit card debt collection practices against tens of thousands of people in California, state Attorney General Kamala Harris said on Monday. California was one of three U.S. states, along with Mississippi and Wyoming, that did not join JPMorgan's $216 million settlement...

  • CALGARY, Oct 30- Canada's energy regulator in a report released on Friday found that six of 16 pipeline safety allegations against TransCanada Corp were "partially substantiated." TransCanada, the country's second largest pipeline operator, said in a statement on Friday that it cooperated fully with the investigation and that only four allegations involved...

  • 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...

  • Treasury Secretary counselor Antonio Weiss appealed to Congress to help the U.S. territory and warned Puerto Rico could face a humanitarian crisis without federal action. He repeated the key points of a plan released by the Treasury on Wednesday, saying Congress should provide tools for Puerto Rico to restructure its liabilities, increase Medicaid support...

  • Oct 20- Dave Ulery was set to build his "forever home" on his family's 26- acre property near the Ozark mountain foothills in Arkansas when a knock on the door heralded trouble. The visitor represented Clean Line Energy Partners LLC, a Texas company established to build transmission lines for carrying wind and solar power. Already this year, regulators in Missouri...

  • Oct 6- Freeport-McMoRan Inc said it is reviewing strategic options for its oil and gas business, including a spinoff or a joint venture, a week after its biggest shareholder Carl Icahn said the energy and mining company was an example of a "golden" buying opportunity. Freeport shares were up 3.5 percent at $11.57 in premarket trading on Tuesday.

  • Softer-than-expected U.S. jobs data and other economic statistics had weighed on oil earlier, along with reduced threats to oil installations in the U.S. East Coast from Hurricane Joaquin. U.S. energy companies this week cut the number of rigs drilling for oil by 26, a weekly survey by oil services company Baker Hughes showed. Brent, the global oil benchmark, was...

  • (Adds comment from Interior Department, industry group attorney (paragraphs 9-10, 12). The rules issued by the Interior Department would require companies to provide data on chemicals used in hydraulic fracturing, or fracking, and to take steps to prevent leakage from oil and gas wells on federally owned land. The Independent Petroleum Association of America...

  • Drillers removed four oil rigs in the week ended Sept. 25, bringing the total rig count down to 640, the lowest since July, after cutting a total of 31 rigs over the three prior weeks, oil services company Baker Hughes Inc said in its closely followed report. Natural gas rigs were down one this week to 197, up just one from its lowest level since at least 1987, according...

  • *Arch Coal faces key debt swap deadline on Wednesday. CHICAGO, Sept 22- After a string of smaller bankruptcies in the depressed coal sector, the second-largest U.S. coal miner, Arch Coal Inc, could be next to file for Chapter 11 protection if it fails to seal a crucial debt swap this week, lawyers and analysts said. Arch Coal, with 5,500 employees in nine states, is heavily...

  • WASHINGTON, Sept 18- After months of noting that inflation was very low, but voicing confidence it would eventually trend towards Federal Reserve's target, Chair Janet Yellen appears to be acknowledging that the central bank does have an inflation problem. Since August, when worries over China's economic health and a global slowdown roiled financial markets,...

  • Production continued to rise in North Dakota but in most other states and offshore areas output turned down. The largest declines were reported in Texas, the Gulf of Mexico, West Coast offshore, Alaska and California. Some of the current and forecast reductions are coming from the formerly fast-growing shale plays of Texas, North Dakota, Colorado and Wyoming.

  • Drillers removed 10 rigs in the week ended Sept. 11 and 13 rigs in the week ended Sept. 4, bringing the total rig count down to 652, after adding rigs in six of the past eight weeks, oil services company Baker Hughes Inc said in its closely followed report. Earlier Friday, U.S. crude prices were down more than 2 percent after two banks, Goldman Sachs and Commerzbank, both...

  • NEW YORK/ RICHMOND, Va., Sept 4- The latest U.S. jobs report was not definitively good or bad enough to help the Federal Reserve decide whether to raise interest rates later this month, leaving the decision hanging on volatility in financial markets over the next couple of weeks. "With this jobs report... the Fed finds itself in a real uncertainty jam when it comes to a...

  • NEW YORK/ RICHMOND, Va., Sept 4- The latest U.S. jobs report was not definitively good or bad enough to help the Federal Reserve decide whether to raise interest rates later this month, leaving the decision hanging on volatility in financial markets over the next couple of weeks. "With this jobs report... the Fed finds itself in a real uncertainty jam when it comes to a...

  • Strategists link the lack of a move to bonds to a number of events: Hawkish rhetoric from Fed officials even as the equity market stumbled; a bout of selling by hedge funds that had expected a rally in the bond market that they didn't get; and bond sales by central banks in China and other emerging market economies trying to protect their currencies from...

  • NEW YORK, Sept 3- In calmer times the U.S. employment report due to be published on Friday would be the Federal Reserve's best and last economic signal before it decides whether to raise interest rates later this month for the first time in nearly a decade. "Because of the volatility, you'll need an even stronger report to get them to hike," said Thomas Costerg, senior...

  • RPT-U.S. ethanol industry sputters on cheap gas prices Thursday, 3 Sep 2015 | 7:00 AM ET

    CHICAGO/ NEW YORK, Sept 2- The closure of two ethanol plants this week and proposed sale of a third highlight the growing challenges faced by small producers located far from cheap feedstock supplies in the U.S. The biggest producers such as No. 1 Archer Daniels Midland Co and Green Plains Inc said they have benefited this summer from better-than-expected fuel...

  • The oil tank cars- a year ago sought-after to haul crude from North Dakota to New Jersey- now stand idle as a result of two converging trends: the reversal in U.S. shale oil production and the completion of new pipelines. Big rail lines, such as Berkshire Hathaway- owned BNSF Railways or Union Pacific are losing what used to be their fastest-growing source of new...