A vast field of shale rock in West Texas could yield 20 billion barrels of oil, making it the largest source of shale oil the U.S. Geological Survey has ever assessed, agency officials said. The Wolfcamp Shale geologic formation in the Midland area also contains an estimated 16 trillion cubic feet of natural gas and
Oil prices rose early on Tuesday as some analysts said markets might not be quite as oversupplied as suggested by many, with global inventories rising less than expected ahead of the high-demand winter heating season in the northern hemisphere. A drop in the dollar away from seven-month highs the previous day also supported crude, as
Brent crude oil prices steadied above $50 a barrel on Monday, supported by a planned production cut by exporter club OPEC, but still under pressure from an overhang in supply that currently exceeds consumption. International benchmark Brent crude futures LCOc1 were trading at $50.25 per barrel at 0651 GMT, up 6 cents from their last
A memorial for slain Navy Seal and “American Sniper” author Chris Kyle has been unveiled in the West Texas city where he was born in 1974. Ceremonies were held Thursday in Odessa to unveil the granite-and-limestone Chris Kyle Memorial Plaza, which also includes a bronze statue of Kyle. It is a privately funded memorial. Several
Crude prices dipped in early trading on Tuesday, with Brent falling back below $50 per barrel as economic concerns took center stage with many analysts saying oil demand will stall later this year. International benchmark Brent crude oil futures were trading at $49.95 per barrel at 0030 GMT, down 15 cents from their last settlement.
More than 500 barrels of waste from Los Alamos National Laboratory were packed with the kitty litter linked to a radiation release at the government’s underground nuclear waste dump, prompting the state Tuesday to order federal officials to move quickly to seal off the potentially dangerous containers. Environment Secretary Ryan Flynn Tuesday gave the U.S.