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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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A meeting of Texas oil and gas officials started Tuesday with a prayer both ominous and inscrutable. “Father, we come to you this morning recognizing an…
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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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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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The oil industry has faced reduced demand from coronavirus, made worse by a global price war. The Trump administration says it will help by buying up cheap oil for the nation's strategic reserve.
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Coronavirus hit the global markets this week, sending stocks reeling and pushing economies toward possible recession. In Texas, the view could be even…
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The head of the Texas Oil and Gas Association said Tuesday his group agrees fossil fuels contribute to global warming and that the industry will find ways…
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Earthquake activity has skyrocketed in Texas over the last dozen years because of increased oil and gas activity. But those manmade quakes are not…
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When the Trump administration announced plans to roll back Obama-era rules limiting methane emissions from oil and gas operations, even some in industry…