70.4 F
Fort Worth
Monday, September 28, 2020
- Advertisements -
CCBP Cornyn, other Texas leaders to introduce legislation for crude oil purchase

Cornyn, other Texas leaders to introduce legislation for crude oil purchase

Other News

Closing prices for crude oil, gold and other commodities

The Associated Press Benchmark U.S. crude oil for September delivery rose 31 cents to settle at $41.60 a barrel Monday. Brent crude...

Trump to discuss energy, tour oil rig, raise money in Texas

By DARLENE SUPERVILLE Associated PressWASHINGTON (AP) — President Donald Trump will shift his focus to American energy dominance during a stop in...

Basic Energy Services makes organizational changes

Fort Worth-based Basic Energy Services, Inc. (OTCQX: BASX) in late May announced the implementation of changes to the organizational structure of the...

Texas oil producers were cutting output before Railroad Commission chose not to, Commissioner Christi Craddick says

By Cassandra PollockMay 12, 2020 Texas Railroad Commissioner Christi Craddick on Tuesday doubled down on the agency’s recent decision...

Sen. John Cornyn, R-Texas, announced April 7 he will cosponsor forthcoming legislation to provide $3 billion in funding to purchase crude oil produced in the United States for the Strategic Petroleum Reserve (SPR).

The bill will be introduced in the House by Reps. Michael Burgess, R-Denton, Lizzie Fletcher, D-Houston and Henry Cuellar, D-San Antonio, among others.

“Without swift action, the coronavirus could have a devastating impact on Texas’ energy producers and their workforce,” said Sen. Cornyn. “This legislation would help support small to midsize producers and Texas workers while enhancing national security during this uncertain time.”

Oil prices have been even more volatile than the stock market in recent weeks as demand dries up for energy amid a global economy weakened by the coronavirus outbreak. Russia and Saudi Arabia have also been locked in a price war, refusing to cut production even as the world is awash in excess oil.

Benchmark U.S. crude oil fell $1.98 to $24.11 per barrel on Tuesday, April 7.

- Advertisements -
- Advertisements -

Latest News

Trump’s tax revelation could tarnish image that fueled rise

By JILL COLVIN Associated PressWASHINGTON (AP) — The bombshell revelations that President Donald Trump paid just $750 in federal income taxes the...

Race for Texas House majority has kept the contest for speaker quiet

By Cassandra Pollock, The Texas Tribune Sept. 25, 2020 "Race for Texas House majority...

Deadly microbe water warning lifted for final Texas city

LAKE JACKSON, Texas (AP) — Environmental officials in Texas have lifted a warning for a final Houston-area community to stop using tap...

After Ginsburg’s death, high stakes for Texas’ legal challenge to the Affordable Care Act

By Emma Platoff and Edgar Walters, The Texas Tribune Sept. 25, 2020 "After Ginsburg’s...

How it happened: From law professor to high court in 4 years

By ZEKE MILLER, COLLEEN LONG and MICHAEL BALSAMO Associated PressWASHINGTON (AP) — Four years ago, Amy Coney Barrett was a little-known law...