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Refineries in Texas and along its Gulf Coast could get a boost from Venezuela's heavy crude. But oil producers might hesitate to get involved in the country while its future remains uncertain.
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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...