'It's Getting To Be Ridiculous': Texas Gas Prices Hit 7-Year HighThe statewide average is now $2.81 for a gallon of regular unleaded fuel.
OPEC To Increase Oil Output As Global Economy RecoversThe OPEC oil cartel and allied producing countries have confirmed their plans to return 2.1 million barrels per day of oil output.
$79M In BP Oil Spill Money Budgeted To Restore Texas EcosystemsTexas can get up to $79 million in BP oil spill restoration money, Mississippi nearly $69 million, and Florida almost $74 million for ecosystem recovery projects and programs.
Texas Gas Prices Increase Slightly Even As Demand Remains LowFor the third straight week, gas prices in Texas have increased even as demand remains low when compared to last year, AAA reports.
Texas Gas Price Average Jumps Again To Highest Price Since March 2020Gas prices in Texas increased again for the second-straight week as the average is now at its highest since March 2020, AAA reports.
7 Injured After Oil Storage Tank Explodes In Corpus ChristiSeven contractors were injured, four critically, when a storage tank at a petroleum facility in Texas exploded after catching fire Saturday morning, according to fire officials.
Pfizer's Possible COVID-19 Vaccine Breakthrough Causes Oil Prices To SkyrocketOil prices skyrocketed Monday after Pfizer revealed new coronavirus vaccine data that could offer hope to millions and clear some of the black clouds hovering over the energy industry.
Tribes Make New Move To Shut Down Dakota Access PipelineNative American tribes opposed to the Dakota Access Pipeline once again have asked a federal judge to stop the flow of oil while the legal battle over the line’s future plays out.
Texas-Based Exxon Denies President Trump Called CEO For MoneyPresident Donald Trump is a fierce backer of the fossil fuels industry. And that support is paying off big time in the money race.
Oil Industry Shuts Platforms, Rigs, Refineries Ahead Of Hurricane LauraOil and gas producers have evacuated platforms and rigs in the Gulf of Mexico and companies are shutting down refineries in the path of Hurricane Laura.
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.
Thousands Allowed To Bypass Environmental Rules Amid Coronavirus PandemicFacilities won permission more than 3,000 times to skimp on compliance during the sweeping government clemency.
Texas-Based Exxon Mobile Lost $1B In Second Quarter As Oil Use Continues To FallIrving-based Exxon lost $1.1 billion in the second quarter, its economic pain deepening as the coronavirus pandemic kept households on lockdown.
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.
Dozens Of Coronavirus Cases Confirmed On Offshore Oil Platforms In Gulf Of MexicoMore than two dozen people working on oil platforms in the Gulf of Mexico have tested positive for the coronavirus, the Coast Guard said.