Nations agree to release 60M barrels of oil amid Russian war By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The International Energy Agency’s 31 member countries agreed Tuesday to release 60 million barrels of oil from their strategic reserves — half of that from the United States — “to send a strong message to oil markets” that supplies …

FRANKFURT, Germany (AP) — The OPEC oil cartel and allied countries said Thursday that they have decided to add gradually add back some 2 million barrels per barrel per day of oil production from May to July, moving cautiously in pace with the recovery of the global economy from the COVID-19 pandemic. The group is restoring production that was slashed …

SANTA FE (AP) — State economists on Wednesday revised forecasts upward for state government income amid surging oil and natural gas production in New Mexico, giving lawmakers greater leeway as they begin crafting a general fund spending plan for the coming fiscal year. The fiscal forecasts, announced at a legislative committee hearing in the mountain resort community of Red River, …

We may be No. 2, but we try harder. The old commercial line comes to mind when oil production data from various sources show Lea County hit the No. 2 spot in the nation in January. According to County Finance Director Chip Low and Assistant County Manager Corey Needham, working the research together recently, Lea County produced 14.6 million barrels …