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U.S. oil firm Continental Resources halts shale output, seeks to cancel sales

The largest oil producer in North Dakota has halted most of its production in the U.S. state and notified some customers it would not supply crude after prices dived into negative territory this week, people familiar with the matter said......»»

Category: topSource: reutersApr 24th, 2020

McConnell says giving aid to states to help ease the pain from the pandemic would be a "blue state bailout." But most states were doing the right thing before the coronavirus hit.

Associated Press McConnell's comments about bailing out blue states that had mismanaged their finances .....»»

Category: topSource: businessinsiderApr 23rd, 2020

Explainer: Antitrust law will not get in the way of U.S. acting to raise oil prices

It is illegal for oil producers to meet to discuss pushing up oil prices under U.S. antitrust law, but perfectly legal if state regulators or the federal government set lower production levels for them, legal experts said......»»

Category: topSource: reutersApr 21st, 2020

Market Snapshot: Dow sinks 630 points to end at 2-week low as tech stocks get whacked and oil prices unravel

U.S. stocks close sharply lower Tuesday, driving the major indexes to the lowest levels in about two weeks, as highflying information technology shares give up ground, and a historic collapse in oil prices undercut the bullish mood on Wall Street......»»

Category: topSource: marketwatchApr 21st, 2020

T-Mobile wins final approval for closed merger with Sprint

The biggest hurdle for the companies was a legal battle with state attorneys general who had argued that the deal would mean higher prices for consumers.....»»

Category: topSource: foxnewsApr 16th, 2020

New Jersey home prices head for 12% drop on bottom-feeder feast

The housing market in New Jersey is about to get crushed. Home sales in the state, second only to New York in coronavirus cases, may fall as much as 45% this year from 2019, while prices will drop... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 15th, 2020

Explainer: Antitrust law won"t get in the way of U.S. acting to raise oil prices

It is illegal for oil producers to meet to discuss pushing up oil prices under U.S. antitrust law, but perfectly legal if state regulators or the federal government set lower production levels for them, U.S. antitrust experts said on Friday......»»

Category: topSource: reutersApr 3rd, 2020

Petrobras" divestment push in Brazil challenged by oil price war

A move by Brazil's Petrobras on Thursday to slash output, capital spending and dividends brings the state-run oil firm into alignment with global rivals confronted with a global pandemic and a plunge in crude prices......»»

Category: topSource: reutersMar 26th, 2020

Where Charlotte ranks among North Carolina cities with priciest apartment rents

Increases in rental rates have been occurring throughout the entire state of North Carolina over the past year. Of the largest 10 cities that industry watcher Apartment List has data for in the state, nine of them have seen prices rise. As a whole, .....»»

Category: topSource: bizjournalsMar 24th, 2020

Cary tops Raleigh, Charlotte to lead apartment rental rate growth in NC

Increases in rental rates have been occurring throughout the entire state of North Carolina over the past year. Of the largest 10 cities that industry watcher Apartment List has data for in the state, nine of them have seen prices rise. As a whole, the.....»»

Category: topSource: bizjournalsMar 17th, 2020

Saudi Aramco"s 2019 profit down 21%, cuts spending

Saudi Arabia's state oil giant Aramco said on Sunday its 2019 profit fell almost 21% due to lower crude oil prices and a drop in production volumes......»»

Category: topSource: reutersMar 15th, 2020

Saudi Arabia asked state agencies to implement big budget cuts: sources

Saudi Arabia has asked state agencies to submit proposals for cuts of at least 20% to their budgets in a fresh austerity drive to cope with a sharp drop in oil prices, four sources familiar with the matter said......»»

Category: topSource: reutersMar 11th, 2020

Saudi Arabia has asked state agencies to implement big budget cuts: sources

Saudi Arabia has asked state agencies to submit proposals for cuts of at least 20% to their budgets in a fresh austerity drive to cope with a sharp drop in oil prices, four sources familiar with the matter said......»»

Category: topSource: reutersMar 11th, 2020

State slow to start its Census prep efforts

Fear gripped financial markets around the world Monday as stock prices and bond yields plunge on worries about the effects of a new coronavirus. The most violent drops came from the oil markets,... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMar 10th, 2020

State introduces its own hand sanitizer to combat price gougers

New York is introducing its own line of hand sanitizer, which it will distribute to government agencies, schools and the MTA, to address surging prices for disinfectant as the state works to contain... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMar 10th, 2020

U.S. blames "state actors" for shocking oil markets, pleads for calm

The Trump administration on Monday accused "state actors" of touching off an historic slump in global oil prices, and urged Russia's ambassador to the United States to consider the importance of calming the markets......»»

Category: topSource: reutersMar 9th, 2020

U.S. blames "state actors" for manipulating, shocking oil markets

The United States on Monday accused "state actors" of trying to manipulate global oil markets, saying their actions contributed to a big drop in oil prices and adding that American energy suppliers were well placed to withstand the volatility......»»

Category: topSource: reutersMar 9th, 2020

Wall Street whacked by oil crash, virus fears

Wall Street's main stock indexes plummeted and the Dow Jones Industrials crashed 2,000 points on Monday as a 20% slump in oil prices and the rapid spread of the coronavirus amplified fears of a global recession......»»

Category: topSource: reutersMar 9th, 2020

Saudi Arabia delays crude OSPs on OPEC+ deal uncertainty

Saudi Arabia's state oil firm told buyers that is has delayed publishing its crude official selling prices (OSP) for April until after a meeting between OPEC and its allies, two sources with direct knowledge said......»»

Category: topSource: reutersMar 6th, 2020

Britain says health service, drug prices not up for negotiation in U.S. talks

Britain said on Monday that the price its state funded National Health Service (NHS) pays for drugs would not be on the table in trade talks with the United States......»»

Category: topSource: reutersMar 2nd, 2020