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 …

Mewbourne Oil engineer invents device to increase underground pipeline safety Andy Brosig/News-Sun Erin McMath wasn’t satisfied with the way oil and gas companies were checking the safety of the miles of high-density polyethelene pipe they were burying in the ground of southeast New Mexico. McMath is a native New Mexican, born in Albuquerque and raised in Los Alamos. He has …

Saudi Arabia and Russia are cutting oil supply again in bid to boost prices LONDON (AP) — Saudi Arabia and Russia are extending cuts to the amount of oil they pump to the world in a bid to prop up prices, showing how two of the world’s largest oil producers are scrambling to boost income from the fossil fuel even …