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Tag Archives: Oil Prices

Halliburton hiring in West Texas

An oil and gas drilling rig operating in the Permian Basin near Farmington, New Mexico. (Image courtesy of Encana Corp)

According to FuelFix, Halliburton is set to hire 200 workers in the Permian Basin in West Texas and New Mexico. The Current-Argus reported that Halliburton spokeswoman Emily Mir said in late December there will be job opportunities throughout the Permian, including in Artesia. As the oil industry begins to see a small upswing, local businesses are crossing their fingers that ...

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AP Interview: IMF says low oil prices still hurting Mideast

middle east oil, mideast economy, oil prices, OPEC

DUBAI, United Arab Emirates (AP) — Oil-producing Mideast countries are coping with low global oil prices though more government reforms are needed, the International Monetary Fund’s chief for the Mideast said as the organization issued a new report Wednesday showing weak economic growth in the region. Masood Ahmed also told The Associated Press that Iran’s economy beat expectations by growing ...

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Oil prices hit by downward revision to global oil demand

global oil production

LONDON (AP) — Oil prices took a pounding Tuesday after a leading industry group said global oil demand growth is slowing by more than previously thought, largely because of a more pronounced economic slowdown during the third quarter of the year. In its September oil market report, the Paris-based International Energy Agency reduced its forecast for global demand growth to ...

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New Mexico confronts budget shortfalls amid oil bust

New Mexico budget shortfall

RED RIVER, N.M. (AP) — The full extent of New Mexico’s budget crisis came into sharp focus Wednesday as state economists described an 8 percent plunge in revenues during the fiscal year that ended in June and warned state lawmakers of a looming budget deficit during the current year. The mid-year snapshot of state finances set the stage for a ...

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US rig count up 17 this week to 481, Texas up 13

oil rig, rig count, Pixabay

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by 17 this week to 481. A year ago, 884 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration. Houston oilfield services company Baker Hughes Inc. said Friday that 396 rigs sought oil and 83 explored for natural gas ...

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