Tag: Oil Bust

Saudi Oil Chief: The Bust is Over

During a visit to Aramco facilities in Houston, the new Saudi Arabian oil minister confirmed a growing sentiment among market analysts in recent months: the global oil glut that crippled American energy producers is now over.

Oil Bust Tanks More Texas Jobs

The continuing weakness in the oil and gas sector has caused the ax to fall on another energy giant. Chevron announced they will lay off 1,500 employees worldwide. Nearly one thousand of those oil bust job losses will come directly from Houston.