ELAM: Oil corrects, tech stocks top
Berkshire now owns a 27% stake in Occidental Petroleum worth $13.6 billion.
— December 14, 2023
That is Warren Buffet’s BRK company. June crude oil hit...
THE ECONOMIST: A perilous purge
Since the expiration of COVID-19-related provisions requiring states to keep residents enrolled in Medicaid, an estimated 2.1 million Texans have lost their coverage. Texas...
US rig count down six as prices rise
The rig count in the Permian Basin was down one this week, the latest count Friday by Baker Hughes shows, with 317 rigs active...
DAILY OIL PRICE: April 26, 2024
Crude Oil: 83.85 (+0.28).
Nymex MTD AVG: 84.6868.
Natural Gas: 1.614 (-0.024).
Gasoline: 2.7646 (+0.0064).
Spreads: June/July (+0.72) July/August (+0.78).
Plains WTI Posting:...
ExxonMobil profit declines in 1st quarter as natural gas prices fall
By MICHELLE CHAPMAN
AP Business Writer
ExxonMobil's profit declined in its first quarter as natural gas prices fell and industry refining margins dropped.
The energy company...
DAILY OIL PRICE: April 25, 2024
Crude Oil: 83.57 (+0.76).
Nymex MTD AVG: 84.7872.
Natural Gas: 1.638 (-0.015).
Gasoline: 2.7582 (+0.0239).
Spreads: June/July (+0.82) July/August (+0.82).
Plains WTI Posting:...
PUCT adopts second rule for implementation of the Texas Energy Fund
AUSTIN The Public Utility Commission of Texas (PUCT) on April 25 adopted a new rule to implement the Texas Energy Fund Completion Bonus Grant...
Strict new EPA rules would force coal-fired power plants to capture emissions or shut...
By MATTHEW DALY
The Associated Press
WASHINGTON Coal-fired power plants would be forced to capture smokestack emissions or shut down under a rule issued Thursday...
RRC commissioners assess over $2 million in penalties
AUSTIN The Railroad Commission of Texas assessed $2,456,002 in fines involving 711 enforcement dockets against operators and businesses at the Commissioners’ Conference on Wednesday....
Billionaire Texas oilman inks deal with Venezuela’s state-run oil giant as US sanctions loom
By JOSHUA GOODMAN
The Associated Press
MIAMI A company started by a Texas billionaire oilman announced a deal Wednesday with Venezuela's state-owned oil company to...