Top News & Analysis North Dakota

  • *China buys over 1.5 mln tonnes of U.S. soy, seeks up to 3 mln tonnes. CHICAGO, Dec 12- China on Wednesday made its first major purchases of U.S. soybeans since President Donald Trump and his Chinese counterpart Xi Jinping struck a trade war truce earlier this month, providing some relief to U.S. farmers who have struggled to find buyers for their record-large harvest.

  • HOUSTON, Dec 12- Hess Corp said on Wednesday it expects oil and gas output to grow more than 10 percent a year compounded through 2025, touting development of its Bakken shale and offshore Guyana projects. Hess expects the first production from the offshore Guyana discovery to be tapped in 2020, and said the region had the potential to produce more than 750,000...

  • HOUSTON, Dec 12- U.S. producer Hess Corp said on Wednesday it expects oil and gas output to grow more than 10 percent a year compounded through 2025, citing higher growth opportunities at its Bakken shale and offshore Guyana projects. Hess expects the first production from the offshore Guyana discovery to be tapped in 2020, and said the region had the potential...

  • WASHINGTON, Dec 12- JPMorgan Chase& Co has made a splash this year in Washington, D.C. opening branches for the first time in the nation's capital. Washington is a prime battle ground, and JPMorgan considers the region the third biggest in the country by population and gross domestic product. Washington offers banks the chance to build brands and make life-long...

  • WASHINGTON/ NEW YORK, Dec 10- Wells Fargo& Co must keep a lid on its growth until the bank has hardened its risk management policies to prevent any further abuse of its customers, said Jerome Powell, chairman of the Federal Reserve. Wells Fargo has so far failed to satisfy the Fed and the bank is months behind schedule on submitting an acceptable reform plan, Reuters...

  • Potential homebuyers exit an open house in Redondo Beach, California.

    The drop in equity gains has been sharpest in the third quarter of this year. In fact, after hitting a record high, the amount of tappable equity fell quarter to quarter for the first time since the housing recovery began.

  • Conoco will spend more on Alaska and Canada than before in the next year, while keeping expenses in continental United States, which includes the costly and crowded Permian Basin, largely unchanged. Conoco said it will spend $1.2 billion on Alaska from its total capital expenditure of $6.1 billion in 2019, partly a result of a recently sanctioned oil project...

  • *U.S. surge in output comes as OPEC grapples with supply worries. Dec 6- The United States last week exported more crude oil and fuel than it imported for the first time on record, according to data released on Thursday, the same day OPEC ended a meeting without a decision to curb global output to balance out the historic surge in U.S. supply. "So when does the U.S. send a...

  • *U.S. surge in output comes as OPEC grapples with supply worries. Dec 6- The United States last week exported more crude oil and fuel than it imported for the first time on record, according to data released on Thursday, the same day OPEC ended a meeting without a decision to curb global output to balance out the historic surge in U.S. supply. "So when does the U.S. send a...

  • WASHINGTON, Dec 6- The Federal Reserve has rejected Wells Fargo& Co's plans to prevent further consumer abuses and told the scandal-plagued lender it needs stronger checks on management, according to three people with knowledge of the discussions. Wells Fargo subsequently submitted its plan in April expecting the Fed to sign-off on it over the summer, but the...

  • The Denver- based company, which currently produces 60 percent of its power from fossil fuels, said it will slash carbon emissions by 80 percent from 2005 levels by 2030, from a previous target of 60 percent, before going to zero in 2050. The company's ambitions stand in stark contrast to the federal government's pro-coal agenda under President Donald Trump,...

  • Bank of America is merging its London- based subsidiary with its Dublin- based Irish entity, which will become its main EU base. Bank of America finished moving its banking and markets operations in Europe to a new base in Dublin from London, the bank said in December, after it received all necessary regulatory and court approvals. Up to 400 jobs in Bank of America's...

  • To capitalize on the subsidy, A.J. Gallagher arranged investor partnerships to produce vast quantities of refined coal, as the fuel is known in the industry, for utilities across the nation, splitting the benefit of the lucrative government incentive now worth more than $7 per ton. Our return on investment is staggering, CFO Douglas Howell told analysts in the...

  • Nov 30- U.S. energy firms this week added oil rigs for a third week in four and increased the rig count for the fifth consecutive month, even though oil prices this week fell to their lowest since October 2017. U.S. crude futures were trading around $51 a barrel on Friday after falling below $50 earlier this week to their lowest since October 2017 on swelling...

  • Nov 30- U.S. energy firms this week added oil rigs for a third week in four and increased the rig count for the fifth month in a row, even though oil prices this week fell to their lowest since October 2017. U.S. crude futures were trading around $51 a barrel on Friday after falling below $50 earlier this week to their lowest since October 2017 on swelling inventories.

  • NEW YORK, Nov 30- U.S. crude oil output hit a new all-time high of 11.5 million barrels per day in September, the fourth consecutive month of record highs, according to the government on Friday, the latest indicator of a wave of onshore U.S. production that has weighed on global markets. U.S. crude production rose 129,000 bpd in September to 11.475 million bpd, the U.S....

  • MEDIA, PENNSYLVANIA, Nov 28- Energy Transfer LP and its Sunoco pipeline subsidiary have racked up more than 800 state and federal permit violations while racing to build two of the nation's largest natural gas pipelines, according to a Reuters analysis of government data and regulatory records. The pipelines, known as Energy Transfer Rover and Sunoco Mariner...

  • Workers with Raven Drilling line up pipe while drilling for oil in the Bakken shale formation outside Watford City, North Dakota.

    North American oil producers that have been increasing spending to take advantage of this year's higher prices will dial back as November's reversal fuels worries about a 2019 surplus, energy executives say.

  • HOUSTON, Nov 23- North American oil producers that have been increasing spending to take advantage of this year's higher prices will dial back as November's reversal fuels worries about a 2019 surplus, energy executives say. "Everybody's going to get hit," said Cole Frederick, co-founder of Peak Land Services, which helps oil companies acquire properties in...

  • The United States and Britain have seized on the vulnerability of the kingdom and its de facto ruler Crown Prince Mohamed bin Salman to push harder for a partial ceasefire in Yemen and improve relations with Qatar. Khashoggis killing inside the Saudi consulate in Istanbul last month has also given the United States leverage over the Saudi government and, by...