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Oil surged on Friday as tensions in the Red Sea escalated following attacks by the US and its allies against Yemeni sites controlled by Iran-backed Houthi rebels.
A dockworkers strike at ports across the country could pose delays to the U.S. supply chain, experts say. The strike — which has shut down 14 ports along the East and Gulf coasts on Tuesday, Oct ...
The United States Maritime Alliance (USMX), the umbrella group representing the managers of the ports, sought to avert a strike at the last minute late on Monday night – offering a 50% wage hike ...
Representation of a oil derrick. The Texas oil boom, sometimes called the gusher age, was a period of dramatic change and economic growth in the U.S. state of Texas during the early 20th century that began with the discovery of a large petroleum reserve near Beaumont, Texas.
Commercial crude oil stock pile. The Strategic Petroleum Reserve (SPR) is an emergency stockpile of petroleum maintained by the United States Department of Energy (DOE). It is the largest publicly known emergency supply in the world; its underground tanks in Louisiana and Texas have capacity for 714 million barrels (113,500,000 m 3). [1]
I worked at a restaurant called the Black Eyed-Pea in Houston, Texas, for a few years and their dinner rolls and cornbread were legendary. When I approached each table, the first thing I asked was ...
Dockworkers at ports from Maine to Texas began walking picket lines early Tuesday in a strike over wages and automation that could reignite inflation and cause shortages of goods if it goes on ...
The session high was more than $80, highest this year so far. U.S. West Texas Intermediate crude futures climbed 66 cents, or 0.9%, to settle at $72.68, paring gains after touching a 2024 high of ...