Crude Oil Hits Seven-Year High As Prices Climb To $80 A Barrel And Gasoline Prices SoarThe statewide gas price average in the Lone Star State is $2.87 for a gallon of regular unleaded fuel, a direct reflection that for the first time since 2014 US oil prices are back above $80 per barrel.
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.
Trading Temporarily Halted After Dow Jones Drops More Than 2,000 PointsThe Dow Jones fell so sharply -- plummeting 1,800 points at the open -- that circuit breakers tripped and trading on the New York Stock Exchange had to be halted.
BP Approves Expansion Of Gulf Oil ProjectBP has approved a $1.3 billion expansion at one of its oil projects in the Gulf of Mexico and discovered an additional 1.4 billion barrels at two of them.
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.
Oklahoma Earthquake Prompts Shutdown Of Wastewater WellState oil and gas regulators in Oklahoma have ordered the indefinite shutdown of a disposal well after an earthquake struck nearby.
Oil-Gas Group: Tougher Drilling Rules Could Cost BillionsAn oil and gas advocacy group warned that Colorado taxpayers could face billions of dollars in compensation claims if voters approve tough new restrictions on where wells can be drilled.
West Virginia University Researcher To Study Fracking EffectA professor has received a $450,000 grant from the National Institutes of Health to look at how airborne particles that result from hydraulic fracturing affect human health.
U.S. Oil Expected To Meet Most Of World's Growth In DemandA global energy watchdog says booming production in the United States will meet 80 percent global growth in demand for oil over the next five years.
White House: Talks To Continue On Renewable Fuel StandardThe White House says talks will continue on a dispute over the future of the renewable fuel standard, which has pitted lawmakers from corn-producing states against those representing refineries.
5 Workers Presumed Dead In Oklahoma Rig ExplosionGas rig workers missing after a fiery explosion in Oklahoma are presumed dead, authorities said Tuesday, and the search for the men has turned to a recovery mission.
Trump Administration Rescinding Rules For Oil, Gas DrillingPresident Donald Trump's administration is rescinding proposed rules for hydraulic fracturing and other oil and gas drilling practices on government lands, government officials announced Thursday.
Exxon Says It Will Increase Climate-Change DisclosuresExxon says it will give more details about how climate change could affect its business.
Harvey Could Have Deep Impact On Texas Oil, U.S. EconomyMassive flooding caused by Harvey along Texas' refinery-rich coast could have long-standing and far-reaching consequences for the state's oil and gas industry and the larger U.S. economy.