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Oil companies have slashed production across West Texas and southeast New Mexico, where communities are also hurting from pandemic-driven business shutdowns.
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For months, the state agency that regulates oil and gas in Texas has considered reducing the amount of crude companies can pump from the ground ....
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A controversial proposal to cut production aimed to stabilize prices amid a historic oil glut. But regulators and the industry were divided over the idea.
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At least 18 very large crude carriers, each carrying 2 million barrels of oil, are headed to the U.S. American shale producers and some lawmakers are worried.
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WICHITA, Kansas — The coronavirus shutdown killed oil prices. That could be a killer for local governments in large swaths of Kansas, places long...
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For the first time in history, a barrel of West Texas oil was so worthless Monday that oil companies would pay you to take it. Oil prices have been low...
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Reversing course, the U.S. 5th Circuit Court of Appeals said access to pill-induced abortions can be restricted while the state fights the coronavirus...
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For the first time ever, a key oil benchmark, West Texas Intermediate, fell below zero on Monday. That means some traders, instead of paying money to buy oil, are paying to get rid of it.
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In a move that would have been unimaginable just a couple months ago, Texas is considering limiting oil production in the state. Capping the amount of...
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OPEC holds an emergency meeting Thursday. President Trump is no fan of the oil cartel, but needs to deal with it to reverse low prices threatening the survival of U.S. shale oil companies.