Exxon CEO: Get Used To Lower Oil Prices
Exxon Mobil CEO Rex Tillerson expects the price of oil to remain low over the next two years because of ample global supplies and relatively weak economic growth.
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Exxon Mobil CEO Rex Tillerson expects the price of oil to remain low over the next two years because of ample global supplies and relatively weak economic growth.
The U.S. has so much crude that it is running out of places to put it, and that could drive oil and gasoline prices even lower in the coming months.
The Republican-controlled Congress approved a bill Wednesday to construct the Keystone XL oil pipeline, setting up a confrontation with President Barack Obama, who has threatened to veto the measure.
U.S. employers hired at a stellar pace last month, wages rose by the most in six years, and Americans responded by streaming into the job market to find work.
City of Fort Worth sources say approval of a deal to move an aviation company into the massive hanger left vacant at Alliance Airport is a "slam dunk" that will add hundreds of jobs.
The Texas unemployment rate slipped to 4.6 percent in December for a fourth straight month of declines.
The first legislative session under Republican Gov.-elect Greg Abbott will begin with lawmakers having a so-called budget surplus of $7.5 billion.
Gov. Rick Perry would like to run for president in 2016 as a proven job-creator who molded Texas' strong economy in his own political gunslinger image.
The U.S. Department of Labor is investigating how RadioShack manages its retirement plan for employees, according to a regulatory filing.
Around the country, areas with the strongest job markets increasingly have some of the costliest homes. And areas with the most affordable homes lack a solid base of middle class jobs that attract workers.
The Texas Food and Beverage Commission approved bitcoin as an acceptable form of payment for food and alcohol, and Gov.-elect Greg Abbott accepted bitcoin campaign donations.
Retail gasoline prices across Texas have dropped again as motorists take to the road for the Thanksgiving holiday.
AAA Texas on Thursday reported the statewide average settled at $2.66 per gallon. Drivers nationwide are paying an average $2.85 per gallon.
Oil has averaged $96 a barrel over the past four years, fueling more drilling, more hiring, and bigger appetites in North Dakota, Texas, Oklahoma and elsewhere. Now oil has hit a rough patch, plunging to $80 from $107
The Texas unemployment rate declined slightly to 5.2 percent in September as the state's seasonally adjusted civilian labor force topped 13 million for the first time, the Texas Workforce Commission reported Friday.
Gov. Rick Perry is calling for unlimited natural gas and oil exports, saying it would help the American economy and aid American allies threatened by Russia's control of European natural gas supplies.
The Texas Workforce Commission on Friday announced the rate increased from the 5.1 percent recorded in June and July. The national unemployment rate stood at 6.1 percent.
The number of U.S. job openings remained near the highest level in 13 years in July, and companies also stepped up hiring that month to the fastest pace in nearly seven years, two signs the job market is slowly healing.
Retail gasoline prices across Texas have dropped 3 cents this week to settle at $3.23 per gallon.
The University of Texas System's Board of Regents is expected to vote this week on a plan to avoid tuition increases for in-state students.
The Texas Workforce Commission on Friday announced last month's jobless figure matches the state's unemployment rates for May and June.
After a six-hour meeting that stretched into the early hours Friday, a sharply divided Corinth City Council voted to reject a proposed Buc-ee's convenience store that would have been located off I-35.
A new report by the U.S. Commerce Department shows that steady growth in consumer spending has helped spur the Texas economy over the last 15 years.
Although economic indicators, such as new construction, housing and hiring are all steady, experts say many younger workers are reluctant to change jobs and chase the higher earnings that often accompany them.
City leaders in Fort Worth are considering a plan that could bring in millions of dollars more a year. A new arena and convention center expansion could bring more concerts and conventions to the city.
Speakers at the vigil emphasized unity and strength while authorities worked to piece together the timeline of the attack.
The Stars executive says the franchise must solve major transportation and development challenges as it considers a long‑term move.
The U.S. men's national soccer team made easy work of Paraguay in its World Cup opener Friday, defeating the South American side 4-1 at SoFi Stadium.
Advanced analytics, facial recognition, and anti‑drone systems will support law enforcement throughout the month-long tournament.
A Dallas bakery becomes a gathering place for supporters of the Netherlands as excitement builds ahead of the match.
Four people required surgery while the five others have now been treated and released, according to Midland Memorial Hospital in Texas.
Speakers at the vigil emphasized unity and strength while authorities worked to piece together the timeline of the attack.
The Stars executive says the franchise must solve major transportation and development challenges as it considers a long‑term move.
Karmelo Anthony was sentenced to 35 years in prison for the fatal stabbing of Austin Metcalf.
The U.S. men's national soccer team made easy work of Paraguay in its World Cup opener Friday, defeating the South American side 4-1 at SoFi Stadium.
Drivers towed from a Fort Worth CVS may be eligible for refunds after an I-Team investigation found questions over whether the tow company had authorization to operate in the lot.
Before striking a pipeline, causing a natural gas leak and subsequent explosion, an engineering firm did follow proper protocol to begin work at a Dallas apartment building.
A North Texas foster family says a legal gray area in Texas' Baby Moses law led to the child being returned to biological relatives.
As he battles terminal cancer, a Fort Worth fire captain says the state's workers' comp system has failed him — and he's far from alone.
A Kennedale couple says their leased solar panels stopped producing power and became a costly burden after years of unfulfilled promises.
Plano has been having an impressive business run recently. The city is scoring big with AT&T headquarters moving from Dallas to the city, followed by Samsung moving its US operations from New Jersey to Texas. Now, the Plano City Council has approved major incentives to bring in the Dallas Stars. Eye On Politics reporter Jack Fink sat down with Plano Mayor John Muns to find out what the city is doing right.
Republican Gov. Greg Abbott is going for his fourth term in November, facing Democratic State Representative Gina Hinojosa. Hinojosa told Jack Fink about her push to make education one of the big campaign issues ahead of the election.
A federal appellate court denied a last-minute attempt by the Trump administration to stop the removal of President Trump's name from the Kennedy Center on Friday.
Mayor Eric Johnson added a meeting to the agenda to vote on whether to authorize the city manager to explore up to four sites to relocate City Hall.
The Pentagon on Friday released a new group of documents and videos related to UFOs, or UAPs, with 72 more documents, images and recordings.
Target, which embarked on a turnaround plan under its new CEO earlier this year, reported an increase in first-quarter sales Wednesday.
During the program's first year, it will be offered at about 65 to 75 hospitals that handle about a quarter of births in the state and largely serve low-income patients, Newsom's office said.
Bimbo Bakeries USA employs over 20,000 people and has been headquartered in Horsham, Pennsylvania, for the past 17 years.
This explosion is among several similar incidents across North Texas that raise questions about why hazardous natural gas leaks keep happening
Zoox, owned by Amazon, produces its own autonomous vehicles that it says are built for passengers, not drivers.
Dr. Peter Stafford was working with a missionary group in the Congo when he came down with the virus last month.
The FDA is moving ahead with a safety study of the abortion pill mifepristone, a senior FDA official confirmed to CBS News, a step that could create a path for the Trump administration to restrict access to the medication.
The head of the World Health Organization says Ebola has killed at least 7 people in Congo, but the U.N. agency says it knows the epidemic "is much larger."
The most recent week of data from Dallas County Health and Human Services shows a 50% increase in positive flu cases.
The cruise ship hit by a deadly hantavirus outbreak has docked at the Dutch port of Rotterdam for disinfection, wrapping up a troubled journey that put world health authorities on alert.
Despite the costs and rules, fans are excited for the World Cup madness that's finally taking off.
After sharing management of the arena for decades, the Mavericks are now in full control.
Target, which embarked on a turnaround plan under its new CEO earlier this year, reported an increase in first-quarter sales Wednesday.
Expensive tickets, trouble getting visas and anti-American sentiment may all be contributing to underwhelming demand.
Herring said that in the year before tariffs, used car sales were just under half of his business at his dealership in Irving; Now, they are nearly 75 percent.
The U.S. men's national soccer team made easy work of Paraguay in its World Cup opener Friday, defeating the South American side 4-1 at SoFi Stadium.
Paige Bueckers scored a season-high 31 points, Jessica Shepard had 17 points, 10 rebounds and seven assists, and the Dallas Wings beat the Phoenix Mercury 85-70.
Corey Seager homered and singled to lead the Texas Rangers to a 4-2 victory over the Kansas City Royals.
Despite the costs and rules, fans are excited for the World Cup madness that's finally taking off.
With 104 World Cup games being played in the U.S., Canada and Mexico, it's like "a Super Bowl every single day for five weeks," U.S. team captain Tim Ream told CBS News.
Creative minds are coming together in North Texas.
Anthony Head played librarian and mentor Rupert Giles in "Buffy the Vampire Slayer" and recently appeared in "Ted Lasso."
Peabo Bryson, a two-time Grammy-winning singer and songwriter known for Disney movie hits "Beauty and the Beast" and "A Whole New World," has died at age 75.
President Trump said he is considering replacing the Freedom 250 concert series with a rally after many artists dropped out.
Sonny Rollins, the legendary tenor saxophonist known for his bold tone and constant experimentation, has died at 95.
The Red Bull Flugtag Airshow returned to Las Colinas on Saturday after a 12-year hiatus. Teams are tasked with constructing a flying machine and putting it to the test. It's estimated that around 25,000 people attended the event.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
The Neonatal Intensive Care Unit babies at Texas Health locations across North Texas celebrated Valentine's Day.
As Anthony Davis prepared for his debut game at the AAC, Dallas Mavericks fans took to the arena to protest the controversial trade.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
