Crude oil took a dive today on reports that Israel was willing to not target Iranian oil facilities in its retaliatory strike that had oil traders on edge earlier this month.
ExxonMobil signed a deal with the state of Texas last week for the nation’s largest offshore carbon dioxide capture and storage site, the company announced Thursday. The deal gives the energy giant access to more than 270,000 acres of submerged land to sequester carbon dioxide, Texas’ General Land Office said in a release the same day.
Curious Minds Corner
Question of the week
What is the term for oil that is found in shale formations and extracted through hydraulic fracturing?