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Oil prices were surging, but a dramatic meeting of many of the world's crude producers has thrown things into a bit of turmoil.
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During the coronavirus pandemic, states have struggled with staggering revenue losses and budget shortfalls. Here's what is happening in Oklahoma.
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When the price of oil crashes, oil companies often merge and big oil gets even bigger. So this crisis could be an opportunity for companies, but it comes with a tremendous amount of uncertainty.
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The campaigns on both sides of State Question 802 have made numerous claims about the potential benefits and perils of Medicaid expansion, which is being…
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Oil companies have slashed production across West Texas and southeast New Mexico, where communities are also hurting from pandemic-driven business shutdowns.
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A controversial proposal to cut production aimed to stabilize prices amid a historic oil glut. But regulators and the industry were divided over the idea.
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Both demand and prices for crude oil have plummeted due to the economic shutdown. Now, U.S. oil regulators are debating whether to cap production — for the first time since the 1970s.
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The pandemic means the world is using far less oil. But pumps are still going, creating a huge oversupply. Companies are often willing to operate pumps at a loss — for a little while.
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The Dow fell 631 points a day after oil prices turned negative for the first time ever. The drops are the latest market reactions to the global economic downturn caused by the pandemic.
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The state panel that sets the amount the Oklahoma Legislature can spend on the state budget met as oil futures spiraled into negative territory for the…