Even as it reported a loss for the first quarter of the year, U.S. energy company Hess Corp. said it was producing more from its U.S. assets than in late 2015. Crude oil prices are rallying with reckless abandon, though current levels are still about 25 percent lower than they were at this point last year. Oil remains under pressure, albeit weakening, from a market tilted toward the supply side as demand falters in a lackluster global economy. Hess Corp. reported net production from the Bakken shale reserve area in North Dakota in Montana was up 2.7 percent from the fourth quarter to 110,000 barrels of oil equivalent per day. In […]