Iran rejected appeals Wednesday from other oil-producing states to curb its oil exports to try to end the plunge in world crude oil prices, instead saying it intends to increase production. Iran’s envoy to the Organization of the Petroleum Exporting Countries, Mahdi Asali, said Tehran intends to step up exports until they reach the level […]
Worries about China’s slowing growth and further drops in oil prices sparked a global stock selloff on Friday. The cost of a barrel of oil slid below $30 for both the Brent and West Texas Intermediate benchmarks. In New York, the S&P 500 fell 2.7 percent in afternoon trading, while the Dow was off nearly […]
ANCHORAGE—Governor Bill Walker unveiled the New Sustainable Alaska Plan, the administration’s blueprint for the state’s economic future, and the budget for fiscal year 2017. The New Sustainable Alaska Plan retools how government powers the state economy through continued spending cuts, wealth management, new revenue and investment. “This is a major paradigm shift in how the […]
On a clear day last spring, fire sizzled on water at Poker Flat Research Range in the Chatanika River valley. There, scientists were spilling crude oil in a manmade water basin and torching it from above. A series of similar test burns were part of a team effort between university scientists and researchers with the […]