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Saturday, October 24, 2020
Energy Exxon's oil slick

Exxon’s oil slick

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A look at big issues on Supreme Court’s agenda

Some of the issues either already on the Supreme Court's docket when it begins its new session or likely to be before...

Wall Street posts solid gains after surge in corporate deals

By ALEX VEIGA and DAMIAN J. TROISE AP Business Writers Wall Street kicked off the week with a broad...

Tarrant County ranks low in work-from-home study by NAR

North Texas ranks pretty high in the “Work from Home” category, according to a just-released study by the National Association of Realtors....

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...

Exxon Mobil slid 4% after the country’s largest oil producer reported a drop in fourth-quarter profit on squeezed margins for its chemical and retail fuel operations. The results fell far short of Wall Street forecasts as the company faces increasing pressure from sliding oil prices as a spreading virus outbreak threatens demand. Oil prices have fluctuated widely throughout 2019 as tensions in the

Middle East and sanctions in Venezuela disrupted global oil supply, while fears of a global economic slowdown put a damper on demand. So far in 2020, crude oil prices are down more than 15%. The spread of the virus from China to other regions could drive down energy demand as people and corporations reduce travel, particularly to China. While the situation remains in flux, analysts say global oil demand could be weaker than previous estimates, at least in the short term.

Latest News

Donald Trump and Joe Biden sparred over Texas’ energy industry and global warming during final presidential debate

By Abby Livingston, The Texas Tribune Oct. 22, 2020 "Donald Trump and Joe Biden...

Biden calls for ‘transition’ from oil, GOP sees opening

By KATHLEEN RONAYNE and ELLEN KNICKMEYER Associated PressDemocrat Joe Biden's debate remarks that he would "transition" away from the oil industry in...

Halliburton: 3Q Earnings Snapshot

HOUSTON (AP) _ Halliburton Co. (HAL) on Monday reported a third-quarter loss of $17 million, after reporting a profit in the same...

Pioneer, Parsley announce merger to increase Permian strength

Dallas-based Pioneer Natural Resources Company (NYSE:PXD) and Parsley Energy Inc. (NYSE:PE) on Tuesday, Oct. 20 announced a definitive agreement under which Pioneer will...

How Google evolved from ‘cuddly’ startup to antitrust target

By MICHAEL LIEDTKE AP Technology Writer SAN RAMON, Calif. (AP) — In Google's infancy, co-founders Larry Page and Sergey...