oil prices

Gov. Mike Dunleavy speaks about his decision to veto House Bill 57 during a press conference at the Alaska State Capitol on Monday, May 19, 2025. (Jasz Garrett / Juneau Empire file photo)

Dunleavy vetoes $200 of $700 BSA increase as he signs state budget for coming year

Governor cites low oil prices for $122 million in total cuts to budget approved by Legislature.

 

An oil drilling site in Midland, Texas. (Desiree Rios / For The New York Times)

‘Wait, baby, wait’: Slumping oil prices reflect economic worries

Fears Trump’s tariffs will slash global economic growth — and oil demand — are weighing on the market.

 

Gov. Mike Dunleavy discusses his proposed budget for the 2024 fiscal year during a press conference at the Alaska State Capitol in December 2022. A lower-than-expected revenue forecast is raising questions about what the state's spending plan will ultimately look like. (Mark Sabbatini / Juneau Empire File)

Lower revenue forecast increases budget woes for state lawmakers

Coming up with a spending plan for next year and beyond will be a complex series of negotiations.