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Home Tag Archives: oil

Tag Archives: oil

Business

Oil prices creep higher, raise inflation concerns

By Michael
September 14, 2023
in :  Business

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 …

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Business

Oil prices creep higher, raise inflation concerns

By Michael
September 14, 2023
in :  Business

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 …

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Business

Saudi Arabia extends cut of 1 million barrels of oil a day, potentially boosting prices at the pump

By Michael
August 3, 2023
in :  Business

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 …

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National/World News

At Davos, climate debate over role of oil in ‘going green’

By Michael
May 24, 2022
in :  National/World News

By PETER PRENGAMAN Associated Press DAVOS, Switzerland (AP) — As government officials, corporate leaders and other elites at the World Economic Forum grapple with how to confront climate change and its devastating effects, a central question is emerging: to what extent can oil and gas companies be part of a transition to lower-carbon fuels? In different times the question could …

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National/World News

Biden tapping oil reserve for 6 months to control gas prices

By Michael
March 31, 2022
in :  National/World News

Biden tapping oil reserve for 6 months to control gas prices By ZEKE MILLER and JOSH BOAK Associated Press WASHINGTON (AP) — President Joe Biden is ordering the release of 1 million barrels of oil per day from the nation’s strategic petroleum reserve for six months, the White House said Thursday, in a bid to control energy prices that have …

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National/World News

Biden tapping oil reserve for 6 months to control gas prices

By Michael
March 31, 2022
in :  National/World News

Biden tapping oil reserve for 6 months to control gas prices By ZEKE MILLER and JOSH BOAK Associated Press WASHINGTON (AP) — President Joe Biden is ordering the release of 1 million barrels of oil per day from the nation’s strategic petroleum reserve for six months, the White House said Thursday, in a bid to control energy prices that have …

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Local News

Boom Time

By Michael
October 26, 2021
in :  Local News, State/Regional News

Over the course of the last two weeks, oil prices have hit above $80 a barrel, a far cry from the negative territory where oil was selling nearly a year and a half ago. The seven year high is being driven by a resurgence in demand around the world as economies recover from COVID-19 restrictions and shutdowns and OPEC keeping …

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Local News

NM hits No. 2 in oil production

By Michael
June 29, 2021
in :  Local News

New Mexico became No. 2 in the nation for oil production this year. In March, the state’s oil production tally spiked at 35.8 million barrels, topping North Dakota’s 31.8 million barrels. For reference, Texas logged 147.1 million barrels in March, a number no other state expects to approach. For those who think of Texas as a “whole ‘nother country,” that …

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Local News

Column: Destroying US economy won’t stop global warming

By Michael
February 9, 2021
in :  Local News

In New Mexico and the United States as a whole, recent months have seen unprecedented attacks on the traditional energy sector from policymakers in Santa Fe and Washington. The potential harm of President Biden’s ban on oil and gas production on federal lands has been well-documented. Our State, New Mexico, will be disproportionately impacted by such a ban, particularly if …

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Business

Energy payments to states in US West plummet in 2020

By Michael
December 7, 2020
in :  Business

BILLINGS, Mont. (AP) — Payments to states in the U.S. West have plummeted for oil, natural gas and coal extracted from U.S. lands after low crude prices and the pandemic slowed drilling and mining in many areas in 2020, according to federal data. Nationwide, payments to states for drilling on public lands and in U.S. waters were down by $630 …

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Lovington teen receives key to freedom

Hobbs News-Sun
July 18, 2025

Lovington teen receives key to freedom Denise Marquez/News-Sun The look on Chris Isassi’s face …

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