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The economy of Houston is based primarily on the energy industry, particularly oil.However, health care, biomedical research, and aerospace also constitute large sectors. In 2021, the gross domestic product (GDP) of the Houston–The Woodlands–Sugar Land metropolitan statistical area (MSA) was 537 U.S. dollars billion, the fourth-largest of any metro area in the United States.
NOV Tower in the Westchase district of Houston. NOV Inc., formerly National Oilwell Varco, is an American multinational corporation based in Houston, Texas.It is a worldwide provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry.
TPC has operations in Houston and Port Neches, Texas, and Lake Charles, Louisiana. Products [ edit ] In 2011, TPC led the market in butadiene (35% market share), butene-1 (35% market share), polyisobutylene (PIB) (60% market share), and was near the top of the market in both isobutylene and propylene derivatives .
Lee expects Brent to start falling into the $70 range later this year and into the $60 range in 2025. His prediction comes as oil alliance OPEC+ has said it wants to start phasing out voluntary ...
The May Consumer Price Index (CPI) showed "core" CPI, which excludes volatile food and energy categories, increased by 0.2% month over month, the lowest reading since June 2023.
A new analysis published this week shows that gas prices could fall as much as 10% by the Fourth of July, thanks to declining demand and burgeoning supply. ... The U.S. produces about 13.2 million ...
1980–1984. Hurricane Allen (1980) near landfall. August 10, 1980 – Hurricane Allen makes landfall near Brownsville as a Category 3 hurricane. A wind gust of 140 mph (230 km/h) is reported in Port Mansfield. Heavy rainfall is reported across South Texas, with a peak of 20.2 in (510 mm) in Kingsville.
June 11, 2024 at 11:49 AM. Consumers are the most bullish they've been on the outlook for stocks since May 2021. The latest survey of consumer expectations from the Federal Reserve Bank of New ...