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Tag Archives: Oil

Auctioneer, oil field service firm watch price of crude

Martin Auctions

By JACK WEATHERLY In the past two years, coinciding with the downturn in oil and natural gas exploration in the country, equipment sales have grown to 15 to 20 percent of Jeff Martin Auctions’ business. Owner Jeff Martin declined to reveal the revenues for his operation in Brooklyn, Miss., near Hattiesburg, but said it has become the largest such auction ...

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Gulf oil, gas leases up for sale; environmentalists protest

oil gas lease

NEW ORLEANS — The federal government is selling off oil and gas leases in the Gulf of Mexico during a sale Wednesday, but environmentalists opposed to fossil fuels development on public lands plan to protest the sale. The Bureau of Ocean Energy Management is offering approximately 45 million acres for exploration and development. Companies submit bids in advance to the ...

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Legislators talk gas tax increase to repair roads, bridges

transportation

JACKSON — The heads of the Mississippi Legislature’s transportation committee are considering raising the gas tax to maintain the state’s highways and bridges. The joint House-Senate committee heard a presentation from the Mississippi Economic Council Thursday that called for $375 million a year to meet the repair needs. The committee heard from state transportation head Melinda McGrath earlier this month. ...

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Stocks move higher in afternoon trading

stocks

NEW YORK — Stocks were steadily rising into the afternoon on Thursday, building on a modest climb from the day before. Investors were keeping a close eye on the price of oil, which had reversed its losses from earlier in the day. Bank stocks, battered from several days of losses, were among the biggest gainers. KEEPING SCORE: The Dow Jones ...

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US stocks slip as weak earnings hammer retailers

stocks

NEW YORK — U.S. stocks are mostly lower Friday morning after a batch of weak quarterly reports. Retail stocks are sliding after a disappointing report from department store operator Nordstrom. Oil prices are in decline after a big surge over the past week. KEEPING SCORE: The Dow Jones industrial average lost 68 points, or 0.4 percent, to 16,344 as of ...

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Stocks rising again on higher oil prices and factory orders

oil-prices-soaring

NEW YORK — U.S. stocks are rising on a pickup in factory output and a recovery in the price of oil. The market was on track for its third gain in a row. Companies including Priceline and Garmin are climbing after posting strong quarterly results. KEEPING SCORE: The Dow Jones industrial average rose 187 points, or 1.2 percent, to 16,383 ...

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US stocks open higher as oil rebounds, banks rise

oil-prices-soaring

U.S. stocks opened higher, seeking their first gain this week, as beaten-down energy and financial companies rebounded. Banks rose Friday after Deutsche Bank offered to buy more than $5 billion in bonds. Its shares were up 9 percent. JP Morgan Chase was up 5 percent. Oil jumped 6 percent, helping to lift energy company shares. Drilling company Transocean was up ...

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Energy sector leads another decline in stocks as oil falls

stocks

NEW YORK — Falling oil prices continued to weigh on U.S. and global stock markets on Tuesday as investors remained deeply concerned about the global economy following this week’s disappointing Chinese and U.S. manufacturing data. Google’s parent company, Alphabet, overtook Apple as the world’s most valuable publicly traded company. KEEPING SCORE: The Dow Jones industrial average lost 284 points, or ...

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Oil and gas companies lead an early decline in stocks

Oil-Prices-and-Company-defaults

NEW YORK — Stocks were solidly lower in early trading Monday, as the price of oil took another tumble amid renewed concerns about the Chinese and U.S. economies. KEEPING SCORE: The Dow Jones industrial average lost 96 points, or 0.6 percent, to 16,369 as of 10:13 a.m. Eastern. The Standard & Poor’s 500 index lost 11 points, or 0.6 percent, to ...

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US stocks are little changed in early trade; oil price rises

Wall Street stocks

NEW YORK — U.S. stocks are wavering between small gains and losses Thursday morning following a sharp sell-off the day before. The price of oil is climbing for the third consecutive day as key oil-producing nations discuss cuts in production. Strong earnings are propelling Facebook and Under Armor higher. KEEPING SCORE: The Dow Jones industrial average was off 22 points, ...

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