West Newswire

West Newswire

Comprehensive Real-Time News Feed for West, TX.

Results 1 - 20 of 27 for "u:upi.com" in West, TX

  1. Rig counts, but not jobs, up in TexasRead the original story w/Photo

    Friday Jan 19 | UPI

    Exploration and production in the Permian shale basin in Texas is contributing to more output, but not more jobs, data from a federal reserve bank said. The Federal Reserve Bank of Dallas said production in the Permian shale basin increased by about 66,000 barrels per day between November and December to reach an average 2.73 million bpd.

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  2. U.S. blizzard to test gas, electric marketsRead the original story w/Photo

    Thursday Jan 4 | UPI

    Severe winter weather hitting the eastern half of the United States will lead to a spike in short-term natural gas and power prices, market analysis finds. The U.S. National Weather Service has issued a blizzard warning for Boston on Thursday, with wind gusts as high as 48 miles per hour expected by the afternoon.

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  3. Texas energy sector ends the year with optimismRead the original story w/Photo

    Friday Dec 29 | UPI

    The energy sector in Texas is leaving 2017 on a high note, though oil prices will need to be higher than expected for strong rig counts, a bank survey found. A survey of 134 energy firms from Dec. 13-21 by the Federal Reserve Bank of Dallas showed an index measuring confidence had its first sign of reduced uncertainty since the first quarter of 2017.

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  4. Texas jobs, shale production increasingRead the original story w/Photo

    Nov 17, 2017 | UPI

    Shale oil production in Texas has increased steadily for more than a year and gains have spilled over into the broader economy, a federal reserve bank said. The Federal Reserve Bank of Dallas said that "positive signs are starting to reappear for the Texas oil and gas sector" as crude oil prices held above $50 per barrel for much of the third quarter.

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  5. Texas energy sector okay after Harvey, Fed survey findsRead the original story w/Photo

    Sep 28, 2017 | UPI

    Respondents to a survey from the Federal Reserve Bank of Dallas said Hurricane Harvey should have only a modest, but lingering, impact on the energy sector. Hurricane Harvey hit the southern coast of Texas and the largest density of refineries on the southern Gulf Coast in late August.

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  6. Crude oil prices up after Turkey threatens to close Kurdish pipelineRead the original story w/Photo

    Sep 27, 2017 | UPI

    Turkey's threat to close a Kurdish oil pipeline, potentially disrupting production of one half million barrels per day, sent global crude prices upward on Wednesday. Turkish President Recep Tayyip Erdogan made the threat after residents of northern Iraq's Kurdistan voted overwhelmingly for independence in a non-binding referendum.

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  7. Texas sees pipelines, infrastructure as energy leverageRead the original story w/Photo

    Sep 22, 2017 | UPI

    Investing in pipelines and port infrastructure could help bolster the U.S. leadership position on the global energy stage, a Texas official said. Ryan Sitton, an official with the Texas Railroad Commission, the state's energy regulator, said the U.S. position as an energy leader was supported by good infrastructure and improved operational efficiency.

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  8. Crude oil prices brush up against apparent ceilingRead the original story w/Photo

    Sep 18, 2017 | UPI

    Emerging analyst sentiment that the upside potential for the recent rally in crude oil prices is limited may be contributing to the drop witnessed early Monday. The price for Brent crude oil, the global benchmark, is up about 4 percent since the end of August, when Hurricane Harvey struck the southern coast of Texas and hit the large concentration of refiners in the region.

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  9. Oil prices rise on expectations of market balanceRead the original story w/Photo

    Sep 13, 2017 | UPI

    Crude oil prices were higher early Wednesday after the IEA said the level of oil and petroleum products on the market could dip below the five-year average. Traders have been watching the level of commercial crude oil and petroleum product inventories for much of the year in part to gauge the impact of an effort led by the Organization of Petroleum Exporting Countries to balance an oversupplied market with managed production declines.

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  10. Irma leaves oil prices mixed early ThursdayRead the original story w/Photo

    Sep 7, 2017 | UPI

    Oil prices were mixed early Thursday on signs that inclement U.S. weather left oil locked in storage, though volatility is expected because of recent forecasts. Irma is a Category 5 hurricane making its way through the Caribbean and north to Florida.

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  11. Oil prices increase as Texas refineries start returning to normalRead the original story w/Photo

    Sep 5, 2017 | UPI

    Instability caused by Hurricane Harvey's aftereffects pushed oil prices higher on Tuesday, though market reports suggest capacity is slowly beginning to come back online. As much as 16 percent of total U.S. refining capacity was impacted by the storm, pipelines from the region operated intermittently and the federal government released oil from its strategic reserves in order to offset the market strains.

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  12. Oil prices bounce back after Harvey downgraded to tropical depressionRead the original story w/Photo

    Aug 31, 2017 | UPI

    A U.S. decision to take emergency measures to offset energy market strains from Tropical Depression Harvey in part helped boost crude oil prices early Thursday. "In response to the impacts from Hurricane Harvey, the U.S. Secretary of Energy has authorized the Strategic Petroleum Reserve to negotiate and execute an emergency exchange agreement with the Phillips 66 Lake Charles Refinery [in Louisiana,]" department spokesperson Jess Szymanski said in a statement emailed to UPI.

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  13. Oil prices pulled by Harvey, North KoreaRead the original story w/Photo

    Aug 29, 2017 | UPI

    Crude oil prices continued to lose ground because of the fallout from Tropical Storm Harvey, though prices may be supported by tensions over North Korea. U.S. offshore regulators estimated that, as of Monday, about 19 percent of the total daily production from the Gulf of Mexico was idled by the storm, which remains parked over parts of south Texas.

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  14. Harvey pushing market prices for oil higherRead the original story w/Photo

    Aug 25, 2017 | UPI

    Crude oil prices moved higher Friday as Hurricane Harvey moved closer to the southern Texas coast and threatened production and refinery operations. Harvey was moving close to the southern coast of Texas as a Category 2 storm, and could strengthen ahead of its expected landfall by late Friday or early Saturday.

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  15. OPEC backed into a corner, Texas economist saysRead the original story w/Photo

    Aug 24, 2017 | UPI

    With U.S. crude oil production on the rise, it's clear the production agreement from OPEC hasn't worked as intended, an economist in Texas said. The Organization of Petroleum Exporting Countries and a handful of non-member state producers in January started a plan to pull global crude oil inventories closer to the five-year average.

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  16. Permian basin production could accelerateRead the original story w/Photo

    Aug 18, 2017 | UPI

    The expansion of a Texas oil pipeline is likely to support more production from the prolific Permian shale basin, the Federal Reserve Bank of Dallas said. Texas is the No.

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  17. Continental Resources says it will do more with lessRead the original story w/Photo

    Aug 9, 2017 | UPI

    Continental Resources, one of the larger U.S. shale players, said it would be cash neutral in the current market, but raised its forecast for annual production. Continental is active in the Bakken shale oil basin, centered mostly in North Dakota, the No.

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  18. Dallas Fed: Oil prices and exploration activity divergeRead the original story w/Photo

    Aug 4, 2017 | UPI

    U.S. crude oil prices could move close to $60 by the end of the year, but rig counts in Texas could stall, the Federal Reserve Bank of Dallas reported. West Texas Intermediate, the U.S. benchmark for the price of oil, was trading at around $48.60 per barrel early Friday, a downturn from its recent high-water mark above $50 per barrel.

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  19. Texas oil optimism entrenched, but clouds lingerRead the original story w/Photo

    Jun 29, 2017 | UPI

    Economists in Texas said the ability to do more with less in the energy sector is a source of optimism, but broader trade issues could present headwinds. The Federal Reserve Bank of Dallas said in a quarterly report that oil and gas production increased for the third quarter in a row, but the pace of growth is slower than the last quarter.

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  20. Dallas Fed upbeat, but sees risk from lower oil pricesRead the original story w/Photo

    Jun 22, 2017 | UPI

    Despite the recent downturn in crude oil prices, a report from the Federal Reserve Bank of Dallas said the state economy is growing at a moderate pace. "The manufacturing and energy sectors saw continued job gains in May, as oil prices stabilized and the effect of the strong dollar on exports abated somewhat," the bank's latest report read.

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