Oil price surge fuels oil, gas job growth in Texas
Following a July decrease, employment in Texas' oil and natural gas extraction and services industry...
Following a July decrease, employment in Texas' oil and natural gas extraction and services industry rose by 1,293 to over 208,000 in August, spurred by rising oil prices, Texas Alliance of Energy Producers figures show. "There was a peak a' coming, and this price increase turned around the rig count and may have saved the day there," says TAEP economist Karr Ingham
Experts at the Energy Capital Conference 2023 in Dallas predict that shale investors' newfound preference...
Experts at the Energy Capital Conference 2023 in Dallas predict that shale investors' newfound preference for returns over production growth is here to stay. Consequently, shale producers are laser-focused on maintaining production levels, an endeavor that's becoming increasingly capital-intensive amid accelerating decline rates and shrinking drilling inventories.
Historybook: Rembrandt dies (1669); Orient Express makes first run from Paris to...
Historybook: Rembrandt dies (1669); Orient Express makes first run from Paris to Romania (1883); Hollywood legend Charlton Heston born (1923); Sputnik 1 is first artificial satellite to orbit Earth (1957); Rocker Janis Joplin dies (1970).
A bus carrying foreign tourists crashed near Venice, Italy, killing at least 21 people when it fell from an elevated road.
Netflix plans to raise prices on its ad-free tier once the actors strike ends, the WSJ reported.
Dish Network was fined $150,000 by the FCC for “failure to properly deorbit” one of its satellites—the first-ever fine levied for space junk.
Krispy Kreme is selling its majority stake in Insomnia Cookies, the go-to 2 a.m. dessert destination for college students.
Zoom is releasing its own version of Google Docs, while Google is making a slew of changes to Gmail to reduce spam in your inbox.
Forbes released its annual Forbes 400 ranking of...
Forbes released its annual Forbes 400 rankingof the richest US citizens, and we regret to inform you that you’re not on it. Elon Musktopped the list again with an estimated net worth of $251 billion, followed by Jeff Bezos($161b) and Larry Ellison ($158b). The Forbes 400 are collectively $500b richer than last year and are worth a combined $4.5 trillion, tying 2021 for the most ever. One newcomer to the top 20 is Nvidia CEO and co-founder Jensen Huang, whose net worth ballooned to $41b alongside tech’s AI boom. Among those to fall off the list entirely is Donald Trump, whom Forbes now categorizes as “too poor to make the cut.” Read More on Forbes.
Investing.com - US crude oil stockpiles possibly fell as much as 4.0 million barrels...
Investing.com - US crude oil stockpiles possibly fell as much as 4.0 million barrels last week while inventories of gasoline likely rose by an almost similar level of 3.9 million, as refiners appeared to maximize fuel production due to lucrative returns, petroleum trade group API reported Tuesday.
The U.S. crude inventory balance fell by 4.21M barrels during the week ended Sept. 29, according to the API, after a build of 1.586M in the prior week to Sept. 22.
Aside from that balance, the API also noted a 0.705M barrel rise at the Cushing, Oklahoma delivery point for U.S. crude, versus the previous week’s draw of 0.828M. Last week’s build would be the first in months for Cushing, where the trade had feared inventories would fall to such critically low levels that would complicate withdrawals from the storage hub.
