After months of declines, global oil prices saw back-to-back weeks of increases.
As of midday Friday, crude prices — bolstered in part by cuts in production — were on track to score their biggest two-week gain in 17 years.
But prices are still about half what they were in mid-2014.
• For more, watch the Bloomberg video above.
Rep. Duncan Hunter, R-California, is calling on President Barack Obama to send unarmed Predator XP drones to Jordan for operations against Islamic State militants, according to Defense News, a move that could perhaps open the door to the sale of more drones to foreign countries.
Hunter, who met with Jordan’s King Abdullah during his visit to the United States this week, says the administration previously refused to send drones to the country.
“Jordan has made requests for specific resources —…
A new report form the U.S. Bureau of Labor Statistics shows that the US lost 1,900 oil & gas jobs in January 2015.
Figures released by the agency on Friday morning show that the sector shrank by 1 percent between December and January.
The number of jobs in oil and natural gas extraction fell from 201,400 to 199,500.
Analysts are blaming the jobs loss on low crude oil prices, which hovered around $50 per barrel this week.
Despite the jobs cuts, the average hourly earnings in the oil and gas sector…
The ground may be frozen solid, but construction is picking up across the District, from the West End to Kenilworth. Let’s go to the permits.
600 Kenilworth Terrace NE: New construction of The Grove at Parkside, a 186-unit, five-story affordable apartment building in the Parkside neighborhood of Ward 7. CityInterests LLC and Gilbane Development Co., the master developers of Parkside, closed in December on an $11 million Housing Production Trust Fund loan, provided by the Department of Housing and…
Billionaire auto dealer Norman Braman and Miami-Dade School Board Member Raquel Regalado filed a lawsuit suit to stop the SkyRise Miami observation tower, according to the Miami Herald.
The 1,000-foot-tall project was approved in 2014 for $9 million in county funding for infrastructure to support its development. That money came from a bond previously approved by voters for economically significant projects. In August 2014, voters in the city of Miami approved a referendum to lease city-owned space…