According to TIPRO, employment in the Texas upstream sector increased by 400 jobs between March and April 2026. This reflected a decline of 1,300 jobs in oil and natural gas extraction and increase of 1,700 jobs in support activities, subject to revisions, TIPRO noted.
Oil prices fell nearly 7% on Monday as optimism grew that the United States and Iran were moving closer to a peace deal that would reopen the Strait of Hormuz, even though Washington and Tehran played down hopes for an imminent breakthrough.
Curious Minds Corner
How did Rudolf Diesel’s 1892 engine experiments accidentally birth diesel fuel?
He designed it to run on peanut oil, but refinements later optimized it for heavier petroleum distillates.