Posted on · Oil surged past triple-digit prices for the first time since 2014. The breach of the psychologically significant milestone is bound to reinforce fears about inflation.
Posted on · As Houstonians faced freezing temperatures and widespread power outages last week, the frigid weather also limited oil and gas production in the state. As output starts to stabilize this week, West Texas Crude is trading around $63 dollars a barrel.
Posted on · Plus: the oilfield services sector added more than 8,000 jobs last month after losing more than 100,000 in 2020.
Posted on · Overall in 2020, ExxonMobil recorded more than $21 billions in losses. ConocoPhillips reported $2.7 billion in losses for the year, and BP (which has its US headquarters in Houston) recorded a full-year loss of $5.7 billion.
Posted on · After nearly a year of devastatingly low oil prices, West Texas Crude is once again back to $50 per barrel. Also this week, Exxon reveals emissions details for customer use of its products, plus the state legislature could take up flaring in the upcoming session.
Posted on · Throughout 2020 producers have had to cope with low prices, and it looks like that struggle will continue into January. Also this week, layoffs at Parsley Energy and Halliburton.
Posted on · Oil is up to $45 per barrel, plus the upstream sector added 600 jobs last month.
Posted on · As the Coronavirus pandemic and an international price war forced the price of Texas oil to plunge, many producers said they needed it to go back up to at least $40 a barrel. Companies now get to test out if they can survive at that price, as most experts say that's where it's going to sit for the rest of the year.