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.
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.
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.
Exxon's 3Q Profit Jumps 50 Percent, Beating ForecastsBuoyed by higher oil prices, Exxon Mobil reported Friday that third-quarter profit jumped 50 percent from a year ago to nearly $4 billion.
Oil Slump Socks Texas Budget, Making Spending Cuts LikelyA prolonged oil slump is leaving Texas with a grim spending forecast, and one top Republican lawmaker says budget cuts are now certain.
Pipeline Giant Tenaris To Build $1.3B Texas PlantInternational energy pipeline giant Tenaris SA said Friday it plans to build a $1.3 billion Gulf Coast manufacturing facility that will bring 600 jobs and better supplying operations to Texas' oil- and natural gas-rich Eagle Shale region.