VIENNA (AP) — Oil prices spiked sharply higher Friday as major oil producers, including the OPEC cartel, agreed to cut global oil production by 1.2 million barrels a day to reduce oversupply. Following two days of meetings, the Organization of the Petroleum Exporting Countries that includes the likes of Saudi Arabia and Iraq said they would cut 800,000 barrels per …

Utility aims for zero carbon emission from electric power DENVER (AP) — A utility serving 3.6 million electricity customers in eight states said Tuesday it will try to eliminate all its carbon emissions from electrical generation by 2050. Xcel Energy CEO Ben Fowke acknowledged that not all the technologies the company needs to meet that goal are available yet on …

A rally in oil prices after a two-month slide indicates traders are betting that OPEC and its allies including Russia will agree to produce less crude. Representatives of oil-producing nations will hold a highly anticipated meeting Thursday in Vienna, with analysts predicting that they will agree on a cut of at least 1 million barrels a day in an effort …

Dave Sexton, currently the URENCO USA president and CEO, will be taking on a new role within URENCO. Beginning in January, Sexton will be named the deputy chief operating officer, based in the United Kingdom. The role is part of URENCO’s strategic succession planning initiative. With more than 40 years of experience in the nuclear industry, specifically in the areas …

Larry Wormington recently took his family on a vacation, driving into Texas, over into and across Oklahoma from west to east, up about 90 miles into Missouri, then heading into South Texas by way of Del Rio. Wormington said he and his family passed too many gasoline stations to count in their 2,000-plus-mile plus journey, buying close to $100 of …

Devon Energy employees recently presented contributions totaling $30,000 to three United Way organizations in southeast New Mexico – the United Way of Carlsbad and South Eddy County, the United Way of Lea County and the North Eddy County United Way. These United Way organizations collectively support 60 unique health and human service agencies in Eddy and Lea counties, and these …

Tech giants plunge again, pushing market into red for year By MARLEY JAY, AP Markets Writer NEW YORK (AP) — Stocks dropped again Tuesday as losses mounted for the world’s largest technology companies. Retailers also fell, and energy companies plunged with oil prices as the market sank back into the red for the year. Oil prices tumbled another 6.6 percent …

ABU DHABI, United Arab Emirates (AP) — OPEC and allied oil-producing countries will likely need to cut crude supplies, perhaps by as much as 1 million barrels of oil a day, to rebalance the market after U.S. sanctions on Iran failed to cut Tehran’s output, Saudi Arabia’s energy minister said Monday. The comments from the minister, Khalid al-Falih, show the …

DENVER (AP) — Colorado voters rejected a proposal Tuesday that would have tightly restricted where new oil and gas wells could be drilled across the state — the latest development in a contentious debate about how much control state and local governments can exert over the powerful fossil fuels industry. Proposition 112 would have required that new wells be at …

Anadarko announces $4 billion midstream asset sale HOUSTON, Nov. 8, 2018 /PRNewswire/ — Anadarko Petroleum Corporation  today announced a transaction to sell substantially all of its remaining midstream assets for $4.015 billion to Western Gas Partners, LP, with $2.0075 billion cash proceeds, and the balance to be paid in new Western Gas equity. Concurrently WES announced it has entered into …