Today: September 21, 2024
Today: September 21, 2024

Latest From Arathy Somasekhar

Business|Economy|News

Oil slumps about 5% as end to Libyan dispute in sight

Oil prices settled nearly 5% down on Tuesday at their lowest levels in nearly nine months on signs of a deal to resolve a dispute that has halted Libyan crude

Oil slumps about 5% as end to Libyan dispute in sight
Business|Economy

Trans Mountain oil pipeline expansion pushes rivals to cut rates, for now

(This Sept 3 story has been refiled to clarify that the tariff cuts cover shipments to U.S.

Trans Mountain oil pipeline expansion pushes rivals to cut rates, for now
Business|Finance

Shell to shut-in portions of Louisiana Zydeco oil pipeline for maintenance

Oil major Shell on Monday said it plans to shut-in different portions of its Zydeco pipeline system for maintenance for three to four days starting Sept 24,

Shell to shut-in portions of Louisiana Zydeco oil pipeline for maintenance
Business|News

US oil export gains slow as output, global demand turn tepid

U.S. crude oil export gains should plateau in 2024 after years of strong growth, with domestic output expected to increase by the smallest amount since the

US oil export gains slow as output, global demand turn tepid
MidEast|News|World

Oil settles down 1% as Middle East tensions ease, China data weak

Oil prices fell about 1% to a two-week low on Tuesday as Middle East supply concerns eased after Israel accepted a proposal to tackle disagreements blocking a ceasefire deal in Gaza, and

Oil settles down 1% as Middle East tensions ease, China data weak
Americas|Business|Economy

Oil pipeline capacity to spare Canadian exports from looming rail dispute

A looming labor dispute at Canada's two main railroads is unlikely to significantly reduce oil exports to the United States due to excess capacity on Trans

Oil pipeline capacity to spare Canadian exports from looming rail dispute
Business|Finance

Autry Stephens, Texas oil billionaire and wildcatter, dies at 86

Autry Stephens, the billionaire founder and chairman of Endeavor Energy Resources, has died aged 86, the company disclosed on Friday, after a prolonged battle

Business|Economy|Finance

Oil prices settle 1% lower after surprise rise in US crude stockpiles

Oil prices settled 1% lower on Wednesday after U.S. crude inventories rose unexpectedly and as worries eased slightly that a wider Middle East conflict could

Business|Economy|Finance|Stock Markets

Oil posts 3% weekly gains on positive economic data, rate cut hopes

Oil prices settled higher on Friday and notched over 3.5% in weekly gains as positive economic data and signals from Fed policymakers that they could cut

Business|Economy

Oil settles up for third straight day on US job data and Mideast tensions

Oil prices settled higher on Thursday for the third consecutive session, after U.S. jobs data eased demand concerns and war in the Middle East helped prices

Business|Economy|Food

Texas restaurants sue utility CenterPoint over response to Hurricane Beryl

Restaurants in and around Houston on Monday filed a class action seeking more than $100 million from U.S. power provider CenterPoint Energy, alleging

Texas restaurants sue utility CenterPoint over response to Hurricane Beryl
Economy|News

Oil prices decline over 1% on Chinese demand jitters

Oil prices settled more than 1% lower on Tuesday, the third straight day of losses, on worries of a slowing Chinese economy crimping demand, though declines

Oil prices decline over 1% on Chinese demand jitters
Environment|News

Nearly a million homes, businesses in Texas still without power after Hurricane Beryl

Nearly a million homes and businesses in Texas remained without power on Friday, five days after Hurricane Beryl made landfall with fierce winds and rain that

Nearly a million homes, businesses in Texas still without power after Hurricane Beryl
Economy

Oil rises settles higher; US inflation data feeds rate cut hopes

Oil prices rose for the second consecutive session on Thursday with the Brent benchmark settling above $85 a barrel as hopes rose for U.S. interest rate cuts after

Oil rises settles higher; US inflation data feeds rate cut hopes
Environment|News

Largest Texas ports close as Hurricane Beryl nears

The largest ports in Texas closed operations and vessel traffic on Sunday as Hurricane Beryl intensified as it approached the

Largest Texas ports close as Hurricane Beryl nears
Business|Economy|Environment|News

Trans Mountain oil pipeline just shy of target for first-month loadings

About 20 ships loaded crude oil on Canada's West Coast in the first full month of operation on the newly expanded Trans Mountain pipeline, according to vessel-

Trans Mountain oil pipeline just shy of target for first-month loadings
Business|Economy

U.S. crude imports touch two-year high despite lukewarm demand

U.S. crude oil imports last month rose to a nearly two-year high as refiners scooped up heavy crudes from Canada and Latin America to process into fuels for

U.S. crude imports touch two-year high despite lukewarm demand
Business

Activist Elliott has accepted Phillips 66's performance goals -CEO Lashier

Activist investor Elliott Investment Management has accepted the performance improvement plan that U.S. oil refiner Phillips 66 laid out to boost shareholder

Activist Elliott has accepted Phillips 66's performance goals -CEO Lashier
Business

Indian refiners buy more US crude as Russia sanctions tighten

More than 250,000 barrels per day of U.S. crude is set to arrive in India next month, the highest in more than a year, ship tracking data showed, amid tighter

Indian refiners buy more US crude as Russia sanctions tighten
Business

Oil mergers, clean fuels vie for attention at Houston energy conference

Top oil executives and ministers descend on Houston this week for one of the world's biggest energy conferences emboldened by blockbuster mergers, stable oil

Oil mergers, clean fuels vie for attention at Houston energy conference
Business

Oil dips on profit taking after price crosses $85

Oil prices edged lower on Friday but were on track to gain nearly 4% for the week as sharp declines in U.S. crude and fuel inventories, drone strikes on Russian

Oil dips on profit taking after price crosses $85
Business

Crude edges higher on supply concerns as shipping disruptions continue

Oil prices ticked up in early Asian trading on Monday, extending gains for the third straight day, as shipping disruptions spurred supply worries.

Crude edges higher on supply concerns as shipping disruptions continue
Business

Tumbling US natural gas prices prove unstoppable, hurting producers

For nearly a year, U.S. natural gas producers have slammed the brakes on production as prices fall.

Tumbling US natural gas prices prove unstoppable, hurting producers
Business

Oil edges up on smaller US output growth estimates

Oil prices ticked higher on Wednesday, as growth in U.S. oil production is expected to remain largely steady through 2025, easing worries of excess supply.

Oil edges up on smaller US output growth estimates
Business

Pilot energy business president, marketing chief out in shakeup

U.S. fuel retailer Pilot Travel Centers said the president of its energy business and petroleum marketing chief have left the company in the latest shakeup

Pilot energy business president, marketing chief out in shakeup

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