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Top News & Analysis Alaska

  • *Oil to continue trading near $45/ barrel- Goldman Sachs. LONDON, June 29- Oil prices rose to a two-week high on Thursday, extending a rally into a sixth straight session after a decline in weekly U.S. production eased concerns about deepening oversupply. Global benchmark Brent crude futures were up 35 cents at $47.66 a barrel at 1058 GMT, having touched a two-week...

  • *Oil to continue trading near $45/ barrel- Goldman Sachs. LONDON, June 29- Oil prices rose to a two-week high on Thursday, extending a rally into a sixth straight session, after a decline in weekly U.S. production eased concerns about deepening oversupply. Global benchmark Brent crude futures were up 33 cents at $47.64 a barrel at 0832 GMT, having touched a two-week...

  • "The fast ramp-up in shale drilling and the unexpectedly large rebound in Libya/ Nigeria production are on track to slow the 2017 stock draws," investment bank Goldman Sachs said. "This creates risks that the normalisation in inventories will not be achieved by the time the OPEC cut ends next March. We expect this will leave prices trading near $45 until there is...

  • "The fast ramp-up in shale drilling and the unexpectedly large rebound in Libya/ Nigeria production are on track to slow the 2017 stock draws," investment bank Goldman Sachs said. "This creates risks that the normalisation in inventories will not be achieved by the time the OPEC cut ends next March. We expect this will leave prices trading near $45 until there is...

  • SINGAPORE, June 29- Crude oil futures rose for a sixth consecutive session on Thursday, as a decline in U.S. production underpinned the market that has been under pressure from a global supply glut. West Texas Intermediate crude rose 7 cents, or 0.2 percent, to $44.81 per barrel by 0003 GMT, while the benchmark Brent futures gained 8 cents, or 0.2 percent, to $47.39 a...

  • SINGAPORE, June 29- Crude oil futures rose for a sixth consecutive session on Thursday, as a decline in U.S. production underpinned the market that has been under pressure from a global supply glut. West Texas Intermediate crude rose 7 cents, or 0.2 percent, to $44.81 per barrel by 0003 GMT, while the benchmark Brent futures gained 8 cents, or 0.2 percent, to $47.39 a...

  • *Vitol expects crude at $40- $55 a barrel next few quarters. *OPEC in no rush to extend/increase supply cuts beyond March 2018. "The most interesting thing is crude oil production was down... which is a significant decline given the increases in previous weeks," Andrew Lipow, president of Lipow Oil Associates in Houston, said.

  • Amid the uncertainty on health care, individual states are taking steps to shore up their own markets. Here's what to expect.

  • LONDON, June 20- OPEC members are struggling to protect their revenues in the face of renewed competition from U.S. shale producers and other suppliers outside the organisation. OPEC's revenues from petroleum exports have fallen to just $446 billion in 2016 from $1.2 trillion in 2012. But past experience strongly suggests OPEC's effort to stabilise oil...

  • Honolulu, Hawaii

    One state representative in Hawaii is pushing the state toward adopting a universal basic income.

  • NEW YORK, June 13- J. Crew Group Inc disclosed terms on Tuesday of a debt restructuring deal that would roughly cut in half the value of its nearly $567 million in bonds, as well as extend their maturity by two years, after receiving the backing of some key creditors. The move comes after Reuters reported last month that two investment firms, Blackstone Group LP's GSO...

  • HAVANA/ WASHINGTON, June 1- U.S. cruise operators and airlines stand to lose around $712 million in annual revenues if the Trump administration fully reinstates restrictions on travel to Cuba, Washington lobby group Engage Cuba said in a report released on Thursday. U.S.-operated cruises and scheduled flights to the Caribbean island were relaunched last...

  • HAVANA/ WASHINGTON, June 1- U.S. cruise operators and airlines stand to lose around $712 million in annual revenues if the Trump administration fully reinstates restrictions on travel to Cuba, Washington lobby group Engage Cuba said in a report released on Thursday. U.S.-operated cruises and scheduled flights to the Caribbean island were relaunched last...

  • LONDON, June 1- U.S. oil production continues to rise relentlessly, frustrating efforts by OPEC and non- OPEC oil exporters to rebalance the global market and secure an increase in the price of crude. Most of the extra output between September and March came from oilfields in the Gulf of Mexico, where production increased by 257,000 bpd, and Alaska, where output was...

  • WASHINGTON, May 23- A Trump administration plan to sell off half the U.S. emergency crude oil stockpile to help balance the budget faces opposition in Congress, with lawmakers from both parties worried the proposal would undermine the drilling industry and make the country vulnerable to supply shocks. The White House's 2018 budget proposal, sent to Congress on...

  • WASHINGTON, May 23- A Trump administration plan to sell off half the U.S. emergency crude oil stockpile to help balance the budget faces opposition in Congress, with lawmakers from both parties worried the proposal would undermine the drilling industry and make the country vulnerable to supply shocks. The White House's 2018 budget proposal, sent to Congress on...

  • *White House proposes to sell half of U.S. *White House plan can be rejected by Congress. The White House budget, delivered to Congress on Tuesday, proposes to start selling SPR oil in fiscal 2018, which begins on Oct. 1.

  • President Donald Trump's White House wants to sell half of the nation's emergency oil stockpile and open the Alaska National Wildlife Refuge to drilling as part of plans to balance the budget over the next 10 years, documents by the administration showed. The White House budget, which will be delivered to Congress on Tuesday, is meant as a proposal and may not...

  • *Plan would undermine OPEC- led effort to tighten markets. President Donald Trump proposed the sale of half the country's strategic oil reserves, even as producer club OPEC and its allies cut output to tighten the market. The White House budget plan would sell off half of the nation's emergency oil stockpile from 2018 to 2027 to raise $16.5 billion from October...

  • *Plan would undermine OPEC- led effort to tighten markets. President Donald Trump proposed the sale of half the country's strategic oil reserves, even as producer club OPEC and its allies cut output to tighten the market. The White House budget plan would gradually sell off half of the nation's emergency oil stockpile to raise $16.5 billion from October 2018,...