Exxon profit falls compared with record-setting numbers last year, but consolidation in full swing By MICHELLE CHAPMAN AP Business Writer Exxon Mobil’s third-quarter profit declined compared with last year’s unprecedented numbers, but they’re up 15% compared with the previous quarter. The oil giant had its strongest ever refinery throughput for the period. It also raised its quarterly dividend. Exxon Mobil …

Oil prices creep higher, raise inflation concerns By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Oil prices are creeping higher and raising concerns about the impact on inflation’s cooling trajectory, consumers’ wallets and the Federal Reserve’s interest rate policy. U.S. crude oil prices started rising in early summer after slipping or holding relatively steady for most of …

Oil prices creep higher, raise inflation concerns By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Oil prices are creeping higher and raising concerns about the impact on inflation’s cooling trajectory, consumers’ wallets and the Federal Reserve’s interest rate policy. U.S. crude oil prices started rising in early summer after slipping or holding relatively steady for most of …

More jobs on deck for UUSA Eunice plant Andy Brosig/News-Sun EUNICE – Almost 50 new jobs will be opening up soon at UrencoUSA’s uranium processing facility in Lea County, that according to information presented at the regular Eunice Chamber of Commerce Breakfast on Wednesday. Karen Fili, president and CEO for UUSA’s Louisiana Energy Services LLC plant near Eunice, told Chamber …

More jobs on deck for UUSA Eunice plant Andy Brosig/News-Sun EUNICE – Almost 50 new jobs will be opening up soon at UrencoUSA’s uranium processing facility in Lea County, that according to information presented at the regular Eunice Chamber of Commerce Breakfast on Wednesday. Karen Fili, president and CEO for UUSA’s Louisiana Energy Services LLC plant near Eunice, told Chamber …

Report: Permian Basin contributes $181.8 billion in GDP, 786,000 jobs to U.S. economy Economic impact report highlights the growing importance of the Permian Basin For the News-Sun MIDLAND, Texas — The Permian Basin’s economic impact continues to gain momentum, bringing promising news for Texas, New Mexico and the entire nation. According to the latest report by the Permian Strategic Partnership, the …

Urenco breaks ground on first solar array, eyes new uranium frontiers Levi Hill/News-Sun On an unusually cool Tuesday in August with a light easterly breeze buffeting the tent, Urenco USA staff and leaders, along with local officials, celebrated a step towards zero emissions at the nuclear enrichment facility east of Eunice. “As a company we are committed to net zero …

Urenco breaks ground on first solar array, eyes new uranium frontiers Levi Hill/News-Sun On an unusually cool Tuesday in August with a light easterly breeze buffeting the tent, Urenco USA staff and leaders, along with local officials, celebrated a step towards zero emissions at the nuclear enrichment facility east of Eunice. “As a company we are committed to net zero …

Saudi Arabia extends cut of 1 million barrels of oil a day, potentially boosting prices at the pump DUBAI, United Arab Emirates (AP) — Saudi Arabia said Thursday it will extend its unilateral production cut of 1 million barrels of oil a day through the end of September in its effort to boost flagging energy prices, a move that could …

Urenco USA taking on expansion project Michelle A. Fox/News-Sun For the first time in seven years, Urenco USA is taking on an expansion project. “This project marks the first expansion of the plant since 2016 and will allow us to increase our enriched uranium production by 15 percent,” said President and CEO of Urenco USA Karen Fill. Urenco USA is …