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TEXAS OIL PRODUCTION
In 1920s, a sedimentary basin in Texas was denounced as a 'graveyard'. 100 years later, it generates $100 billion and 800,000 jobs across AmericaWith over 43% of the nation's oil production and billions of dollars in revenue, the Permian Basin in Texas is currently the largest oil-pr...- Crude oil prices end winning run with first weekly fall in nearly a month. Can liquid gold slide further?Crude oil prices posted their first weekly decline in three weeks as improving flows through the Strait of Hormuz eased supply concerns. Br...
- Oil settles lower on clues about Fed policy, rumors of Hormuz dealOn Friday, oil prices dipped, driven by signals from the Federal Reserve and circulating rumors regarding the Strait of Hormuz. Market trad...
- Quote of the day by Tommy Lee Jones: “The quality of one’s emotional life changes over the years, doesn’t it? But...” — Timeless life lessons from an inspiring quote on emotional growth, hope, creativity, self-understanding, purpose, and how changing emotions can reveal what truly keeps us moving forward.Quote of the day by Tommy Lee Jones offers a thoughtful look at emotional growth, changing priorities, and the search for purpose. His pers...
- SpaceX to build $100 billion Starship rocket complex in LouisianaThe company's second Starbase campus will eventually launch thousands of Starship flights a year, SpaceX President Gwynne Shotwell said, re...
- In a 2023 study in San Severo, six medicinal crops grew beneath tracking solar panels; deep shade cut evapotranspiration by 81.1% but reduced biomass by up to 48.8%A recent investigation conducted in Italy examined the effects of growing herbs beneath solar panels. The findings revealed a significant r...
- US billionaires are piling millions into Argentina's Shale boom, here’s what is driving itAmerican billionaires are increasing investments in Argentina's Vaca Muerta shale basin. Harold Hamm's Continental Resources plans a $4 bil...
- In 1942, the tanker SS Gulfoil was torpedoed in the Gulf of Mexico; nearly 70 years later, NOAA found its wreck covered in Lophelia coralThe SS Gulfoil, a World War II tanker, has transformed into a stunning coral reef over the years. After resting on the seabed for decades, ...
- Indian, US fuel exporters reaping bonanza amid oil supply uncertainty due to warsIndia and U.S. oil refiners are benefiting from global fuel supply disruptions caused by wars in Iran and Ukraine, boosting refined fuel ex...
- Oil climbs as fading US-Iran peace hopes raise supply risksOil prices climbed as Middle East war peace talks stalled significantly. Iran announced a shift to a fully offensive military posture. The ...
- Fascinated by the word “biomass,” a seventh-grader in Texas made algae produce 77% more biofuel oils in just five days with a simple vitamin-and-salt experimentIn an innovative study, a budding student fascinated by the word 'biomass' delved into the promising world of algae as a source of biofuel....
- Hormuz traffic slows further after US threatens more economic pressure on IranTransit through the Strait of Hormuz has nearly stopped after two ships were attacked. The United States stated it can maintain a naval blo...
- Oil Price Today (August 13): Crude oil dips below $90 despite Strait of Hormuz deadlock. Here’s whyThe Organisation of Petroleum Exporting Countries cut its forecast for global oil demand growth in 2026 to 580,000 barrels per day in its m...
- Oil Price Today (August 12): Crude oil reclaims $90 again after fresh attacks on ships. What are experts saying?Brent crude futures were up 72 cents, or 0.81%, at $89.63, while US West Texas Intermediate (WTI) crude gained 71 cents, or 0.85%, to $83.9...
- Oil Price Today (August 11): Crude oil rises to $88 after Trump's compensation demand dents Hormuz opening. Here's whyBrent crude futures were flat at $88 a barrel or 0.35%, while US West Texas Intermediate crude futures stood at $83.50, up 0.40% a barrel. ...
- Oil steadies near one-week highs as US-Iran peace deal hopes dimOil prices maintained their position on Tuesday as hopes for a US-Iran deal faded, hampered by President Trump's stringent demands that are...
- Oil Price Today (August 10): Crude oil rises to $85 amid Hormuz worries as attacks continue. What are experts saying?Oil prices climbed Monday as Strait of Hormuz reopening remained uncertain. Iran stated a deal with Oman was nearing completion for new shi...
- Oil Price Today (August 7): Crude oil rises above $83 as Strait of Hormuz deadlock continues. Here’s whyOil prices climbed for a second session on Friday due to renewed Hormuz Strait concerns. Iran proposed restricting hostile vessels and impo...
- Oil Price Today (August 6): Crude oil dips below $80 on hopes Iran-Oman deal could end Iran war. What are experts saying?Oil prices experienced a minor decline on Thursday amid advancing negotiations. Market watchers are closely monitoring the prospective US-I...
- Big Oil profits surge as Iran war keeps energy prices elevatedEuropean and Middle Eastern oil firms reported significant profit increases recently. Saudi Aramco saw its net profit climb by forty-four p...
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