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Energy Industry

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Stocks are off to a solid start on Wall Street Tuesday as investors continue to wager that the new variant of the COVID-19 virus won’t pose a big threat to the economy. The S&P 500 rose 1.4% in the first few minutes of trading, adding to its gains from a day earlier. The tech-heavy Nasdaq rose 2%, and small-company stocks also posted gains. Safe-play sectors like utilities lagged the rest of the market. Treasury yields rose and crude oil prices climbed about 3%. European markets were also solidly higher, and Asian markets closed higher overnight.

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ALBUQUERQUE, N.M. (AP) — Exxon Mobil says it has a plan for cutting greenhouse gas emissions from its operations in one of the most prolific oilfields in the United States, saying it hopes to achieve its net-zero goal for operations in the Permian Basin by 2030.

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WASHINGTON (AP) — The Biden administration has plenty of options to make good on its pledge to hit Russia financially if President Vladimir Putin invades Ukraine, from sanctions targeting Putin’s associates to cutting Russia off from the financial system that sends money flowing around the world.

SANTA FE, N.M. (AP) — New Mexico government economists on Friday announced a new surge in state income as legislators consider proposals to raise pay for public school teachers, a possible hiring spree for local police officers and new efforts to bolster essential public services amid the coronavirus pandemic.

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RESERVE, La. (AP) — Michael Coleman's house is the last one standing on his tiny street, squeezed between a sprawling oil refinery whose sounds and smells keep him up at night and a massive grain elevator that covers his pickup in dust and, he says, exacerbates his breathing problems.

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NEW YORK (AP) — OPEC and allied oil-producing countries decided Thursday to stick to their plans to boost oil production even as the new omicron variant cast a shadow of uncertainty over the global economic recovery from the coronavirus pandemic.

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MOSCOW (AP) — Russian President Vladimir Putin on Thursday warned officials to strictly observe industrial safety regulations in the wake of last week's coal mine explosion that killed 51 miners and rescuers.

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LAS MANCHAS, Canary Islands (AP) — They come with eagle-eyed drones and high-precision instruments. Aided by satellites, they analyze gas emissions and the flows of molten rock. On the ground, they collect everything from the tiniest particles to “lava bombs” the size of watermelons that one of nature's most powerful forces hurl as incandescent projectiles.

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SANTA FE, N.M. (AP) — A study commissioned by a coalition of oil and natural gas businesses in New Mexico indicates that state and local governments are more reliant than ever before on the industry to pay for basic public services including public education, amid efforts by elected officials to diversify the economy.

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GREAT FALLS, Mont. (AP) — Hundreds of people in the town of Denton were forced to flee flames pushed by strong winds in central Montana on Wednesday, while a fire south of the city of Great Falls burned 11 homes as well as sheds and other small buildings, officials said.

TULA, Hidalgo (AP) — A gang rammed several vehicles into a prison in central Mexico and escaped with nine inmates Wednesday in one of the most dramatic breakouts the country has seen in recent years.

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BISMARCK, N.D. (AP) — A legal battle is headed to North Dakota's Supreme Court over access to thousands of documents related to the developer of the Dakota Access Pipeline and the company that oversaw security during construction.

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