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.
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.
S&P Trading Halts After Huge Drop And Fed Emergency Rate CutStock trading was halted on Monday after the Federal Reserve's emergency action plan did little to squeal Wall Street's fears of a recession because of the coronavirus pandemic.
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.
North Dakota Regulators OK Expanded Dakota Access PipelineNorth Dakota regulators have unanimously approved expanded capacity for the Dakota Access pipeline.
4 North Texas Men Accused Of Trying To Illegally Buy Oil From Iran To Sell In ChinaFour men from North Texas and one from New York City are accused of trying to buy oil illegally from Iran in order to sell to a Chinese refinery, officials said.
4 North Texans Accused Of Trying To Trade In Sanctioned Iranian OilFive men, including four from the Dallas area, have been arrested and charged with trying to trade in Iranian oil in violation of U.S. trade sanctions.
Gas Drilling Rig Pops Up Near Downtown Fort WorthA familiar sight from the last decade in Fort Worth, has reappeared to start the new decade on the edge of the city’s downtown.
Oil Prices Jump, Markets Sink On Fear Of Iranian Retaliation Against U.S.Americans may feel a hit at the gas pump following a U.S. military strike ordered by President Donald Trump that killed a top Iranian general.
Judge Rules For Exxon Mobil In Suit Over Climate RegulationsExxon Mobil Corp. hailed the ruling in a trial it said stemmed from a baseless investigation.
Energy Secretary Rick Perry Says 'We Can Make Our Energy Cleaner'"Instead of punishing fuels that produce emissions through regulation, we're seeking to reduce those emissions by innovation," the former Texas Governor said.
Dallas-Based Oil Refining Company Plans Expansion Of New Mexico FacilityHolly Frontier plans to add six storage tanks, a railcar loading and unloading rack, a cooling tower and other piping components