The mayor of Midland, Texas is being whipsawed by the latest Permian boom.

(Bloomberg) -- Jerry Morales, the mayor of Midland, Texas, and a local restaurateur, is being whipsawed by the latest Permian Basin shale-oil boom.

(Bloomberg) -- Oil slid lower after a U.S. government report showed a surprise increase in domestic crude stockpiles.

Futures dropped 1.2 percent in New York on Wednesday to the lowest level in almost two months.

June 6 (Reuters) - U.S. crude oil stockpiles rose unexpectedly last week even as refineries hiked output to the highest in five months, while gasoline stocks increased sharply as demand eased, the Energy Information Administration said on Wednesday.

June 5 (Reuters) - The U.S. government has asked Saudi Arabia and some other OPEC producers to increase oil oil rig flanges gulf coast production by about 1 million barrels a day, Bloomberg reported https://bloom.bg/2JcgQvb on Tuesday, citing people familiar with the matter.

Once again, the oil and gas industry adds jobs in the U.S.

Mining employment continued its upward trend in May, as the industry added another 6,000 jobs, according to data released June 1 from the U.S.

Oil rose as traders braced for a US government report that's expected to show sliding domestic crude stockpiles.

(Bloomberg) -- Oil rose for the first time in four sessions as traders braced for a U.S.

(Bloomberg) -- Canadian crude surged by the most ever after Enbridge Inc. said it won’t implement a new procedure to stop shippers from claiming more space than they can use on a key pipeline linking Alberta’s oil sands with U.S.

The US government has unofficially asked Saudi Arabia and some other OPEC producers to raise oil output.

DUBAI/LONDON, June 5 (Reuters) - The United States government has unofficially asked Saudi Arabia and some other OPEC producers to raise oil output, but it has not requested a specific figure, three OPEC and industry sources said on Tuesday.

MOSCOW, June 4 (Reuters) - Russian gas BOP Blow Out Preventer repair company gulf coast Gazprom said on Monday it would loan up to 2.14 billion euros ($2.5 billion) to its subsidiary South Stream Transport B.V.