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  2. Galveston Bay Refinery - Wikipedia

    en.wikipedia.org/wiki/Galveston_Bay_Refinery

    The Galveston Bay Refinery is an oil refinery located in the Texas City, Texas Industrial Complex on the edge of Galveston Bay.It is the largest oil refinery in North America with a capacity of 631,000 barrels per day [1] and has been owned and operated by Marathon Petroleum Corporation since 2013.

  3. Oil prices jump to 5-month high over increasing worries of ...

    www.aol.com/finance/oil-prices-jump-5-month...

    Oil extended gains to hit a five-month high on Monday as worries grew over supply disruptions impacting big importers China and India following wide-ranging sanctions against Russian crude.

  4. Energy in Texas - Wikipedia

    en.wikipedia.org/wiki/Energy_in_Texas

    Oil field in McCamey, ca. 1930. The known petroleum deposits of Texas are about 8 billion barrels (1.3 × 10 9 m 3), which makes up approximately one-third of the known U.S. supply. Texas has 4.6 billion barrels (730,000,000 m 3) of proven crude oil reserves. [15]

  5. Economy of Houston - Wikipedia

    en.wikipedia.org/wiki/Economy_of_Houston

    The discovery of oil near Houston in 1901 led to its first growth spurt — by the 1920s, Houston had grown to almost 140,000 people. The city is a leading domestic and international center for virtually every segment of the oil and gas industry - exploration, production, transmission, marketing, service, supply, offshore drilling, and ...

  6. Oil prices slip as 'demand picture remains in question' amid ...

    www.aol.com/finance/oil-prices-slip-demand...

    Oil swung from gains to losses on Friday as traders weighed the prospects of retaliatory US tariffs with supply implications from stricter US policy against Iran. Oil gained as much as 1% on ...

  7. Texas regulators grapple with a growing problem: old oil ...

    www.aol.com/texas-regulators-grapple-growing...

    The Texas Railroad Commission, which regulates oil and gas wells in the state, defines these as wells that have been inactive for a minimum of 12 months and have no owner.

  8. Oil jumps 2% on falling US inventories, drone strikes on ...

    www.aol.com/finance/oil-jumps-2-falling-us...

    On Tuesday oil alliance OPEC maintained its prior forecast for global oil demand to grow by 2.2 million barrels per day in 2024. In March OPEC+ extended output cuts of 2.2 million per day into the ...

  9. Economy of Texas - Wikipedia

    en.wikipedia.org/wiki/Economy_of_Texas

    Texas counties by GDP in 2021 (chained 2012 US$) The economy of the State of Texas is the second largest by GDP in the United States after that of California. It has a gross state product of $2.694 trillion as of 2023. [7] In 2022, Texas led the nation with the most companies in the Fortune 500 with 53 in total. [8]