Thanks to lower net imports of crude oil and higher net exports of natural gas, the gross U.S. energy exports hit a record-high in 2019, exceeding gross energy imports for the first time since 1952, the Energy Information Administration (EIA) said on Monday. Total gross energy exports from the United States hit an all-time high of 23.6 quadrillion British thermal units (quads) in 2019—a common unit of heat in which the EIA…

Halliburton has laid off 350 workers in Oklahoma as the squeeze of oil prices on the industry forces companies to shrink their operations. The Houston Chronicle reported the layoffs citing a filing with the state employment watchdog, and Halliburton later confirmed it. "This was a difficult decision, but is a necessary action as we work to successfully adapt to challenging market conditions," Halliburton said in a statement. "As we make workforce reductions,…