Crude Oil Tank Farm Burns In Hood County Following Lightning StrikeHood County Emergency Manager Jay Webster said no one was hurt and there were no evacuations.
Oil Refineries, Platforms & Rigs Along Texas Coast Shutdown Before Hurricane Laura HitRefineries along the coasts of Texas and Louisiana were either partially or full shutdown when Hurricane Laura hit Thursday morning.
Texas-Based Exxon Mobil Loses $1 Billion+, Dropped From Dow After Nearly 100 YearsIrving-based Exxon Mobil Corp. lost $1.1 billion in the second quarter, and the oil producer brought in $32.6 billion in revenue, less than half of what it brought in at the same time last year.
AAA Texas: Gas Prices Down $1.06 Compared To Last Year, No Prices In Negative ExpectedGas prices are continuing to decrease in Texas and across the U.S. during the coronavirus pandemic as crude oil prices fell into negative territory earlier this week.
Oil Futures Drop Below Zero, Some Bottled Water Costs More Than Barrel Of CrudeDue to the COVID-19 outbreak, local and state governments have forced most businesses to close and most people to stay home, creating a massive glut of oil.
As Prices Plummet, The Oil And Gas Industry Scrambles To Keep Businesses AfloatThe global economic crisis caused by the coronavirus pandemic has devastated the oil industry in Texas and across the U.S., which pumps more crude than any other country.
Fewer Open Businesses, Flights & Drivers Could End With The World Running Out Of Space To Store OilWith an unprecedented collapse in oil demand, that has sent crude crashing to 18-year lows, the world could soon run out of room to store all the unneeded barrels of oil.
Gas Prices Jump 10 Cents In Dallas-Fort Worth After Attacks On Saudi OilA drone attack that happened halfway around the world is having an impact in Dallas-Fort Worth.
Oil Prices Perk Up On Trade Truce, Possible OPEC DecisionA rally in oil prices after a two-month slide indicates traders are betting that OPEC and its allies including Russia will agree to produce less crude.
Energy Department Says US Is Now World's Top Oil ProducerSeveral states hit record production in August including Texas, which accounts for about 40 percent of U.S. crude
Economy Keeps Growing Even With Rising Oil PricesAmerica's rediscovered prowess in oil production is shaking up old notions about the impact of higher crude prices on the U.S. economy.
OPEC Enters Meeting That Could Set Direction Of Oil PricesOfficials from major oil-producing nations are expected to agree this week to boost output, but just how much they will open the spigot remain a wild card.
Is It Time To Freak Out About Oil Prices?President Donald Trump's decision to take the U.S. out of the Iran nuclear deal is hitting investors (and gasoline-buying Americans) where it hurts -- the oil market.
Rising Gas Prices Could Lead To Expensive Summer Travel SeasonGas prices have been on the rise across North Texas for the last month, and many people are worried that this could be an expensive summer travel season.
US Oil Prices Top $70 A Barrel For First Time Since 2014Benchmark U.S. crude rose $1.01 to settle at $70.73 a barrel on the futures market in New York. The international standard, Brent crude, was up $1.30 to $76.17 in London.