Top News & Analysis Houston

  • OPEC says to limit output to 32.5 mln bpd. *After reaching group target, OPEC will seek non-member support. NEW YORK, Sept 28- Oil prices settled up nearly 6 percent on Wednesday after OPEC struck a deal to limit crude output at its policy meeting in November, its first agreement to cut production since 2008 and after the market crashed on oversupply.

  • *OPEC will limit output at 32.5-33.0 million bpd. *To seek non- OPEC support once output reduced. ALGIERS, Sept 28- OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.

  • *OPEC says to limit output to 32.5 mln bpd. *After reaching group target, OPEC will seek non-member support. NEW YORK, Sept 28- Oil prices settled up nearly 6 percent on Wednesday after OPEC sources said the group has struck a deal to limit crude output at its policy meeting in November, its first agreement to cut production since the market crashed two years ago on...

  • *OPEC will limit output at 32.5 million bpd- sources. ALGIERS, Sept 28- OPEC agreed on Wednesday to cut its oil output for the first time since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices. How much each country will produce is to be decided at the next formal meeting of OPEC in November,...

  • OPEC production in August was 33.24 million barrels a day, it said in its monthly oil market report. One source also said that once production targets were reached, OPEC would reach out to non- OPEC producers for cooperation. *Saudi Energy Minister Khalid al-Falih said on Tuesday Iran, Nigeria and Libya would be allowed to produce "at maximum levels that make sense"...

  • OPEC production in August was 33.24 million barrels a day, it said in its monthly oil market report. One source also said that once production targets were reached, OPEC would reach out to non- OPEC producers for cooperation. *Saudi Energy Minister Khalid al-Falih said on Tuesday Iran, Nigeria and Libya would be allowed to produce "at maximum levels that make sense"...

  • *OPEC will limit output at 32.5 million bpd- sources. ALGIERS, Sept 28- OPEC agreed on Wednesday to cut its oil output for the first time since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices. How much each country will produce is to be decided at the next formal meeting of OPEC in November,...

  • OPEC production in August was 33.24 million barrels a day, it said in its monthly oil market report. One source also said that once production targets were reached, OPEC would reach out to non- OPEC producers for cooperation. *Saudi Energy Minister Khalid al-Falih said on Tuesday Iran, Nigeria and Libya would be allowed to produce "at maximum levels that make sense"...

  • OPEC production in August was 33.24 million barrels a day, it said in its monthly oil market report. One source also said that once production targets were reached, OPEC would reach out to non- OPEC producers for cooperation. *Saudi Energy Minister Khalid al-Falih said on Tuesday Iran, Nigeria and Libya would be allowed to produce "at maximum levels that make sense"...

  • Sept 27- Stewart Information Services Corp, one of the largest U.S. title insurers, is close to reaching a deal with activist investor Starboard Value LP over the composition of its board of directors, two people familiar with the matter said. The settlement with Starboard would involve replacing four sitting directors of its nine-member board, including...

  • HOUSTON _ Synthesis Energy Systems Inc. on Tuesday reported a loss of $11.6 million in its fiscal fourth quarter. The Houston- based company said it had a loss of 13 cents per share. For the year, the company reported that its loss narrowed to $23.1 million, or 27 cents per share.

  • Two former Weatherford senior accounting executives also agreed to settle charges that they were behind the scheme, which inflated the company's earnings more than $900 million over that period, the SEC said. Weatherford fraudulently lowered the year-end sum set aside for income taxes each year by $100 million to $154 million to "better align its earnings...

  • Initial funding has been approved for a $105 million redevelopment of the Houston Astrodome that would include raising the two bottom floors to accommodate about 1,400 parking spaces. HOUSTON— Initial funding has been approved for a $105 million redevelopment of the Houston Astrodome that would include raising the two bottom floors to accommodate about...

  • Two Weatherford senior accounting executives at the time also agreed to settle charges that they were behind the scheme, which inflated the company's earnings by over $900 million between 2007 and 2012, the SEC said. Weatherford fraudulently lowered the year-end sum it set aside for income taxes each year by $100 million to $154 million so that it "could...

  • Rice Energy shares slid 4.2 percent to $26 in after market trading after it said it would pay about $1.02 billion in cash, issue about 39.1 mln shares worth about $980 million and assume about $700 million in debt. The deal follows others this month by EOG Resources Inc, which is buying privately-held Yates Petroleum Corp for $2.5 billion, and Enbridge of Canada's...

  • The land deal is a blow to the Sioux and other protesters who claim the pipeline would damage ancient burial sites and pose an environmental risk to the tribe's water supply. When fully connected to existing lines, the 1,100- mile Dakota Access pipeline would be the first to carry crude oil from the Bakken shale, a vast oil formation in North Dakota, Montana and...

  • Houston oilfield services company Baker Hughes Inc. said Friday that 418 rigs sought oil and 92 explored for natural gas this week. Among major oil- and gas-producing states, Texas and Oklahoma each gained two rigs and Alaska, California, North Dakota and Pennsylvania each was up one. Arkansas, Colorado, Kansas, Ohio, Utah and Wyoming were unchanged.

  • HOUSTON— A supplier of cookie dough that Blue Bell Creameries is blaming for possible listeria contamination of some ice cream says the product tested negative for the pathogen before being sent to the Texas- based company. In a statement Thursday, Iowa- based Aspen Hills said the "positive listeria results were obtained by Blue Bell only after our product had...

  • NEW YORK, Sept 21- What does a pug looking at a computer have to do with the Oct. 1 start date for parents and students to fill out the federal financial aid form known as the FAFSA? The "get the word out" efforts come from many directions, said Justin Draeger, president of the National Association of Student Financial Aid Administrators. Along with national...

  • NEW YORK, Sept 21- Drivers from Tennessee and Georgia to New Jersey may soon breathe a collective sigh of relief as service is restored on Colonial Pipeline, cutting gasoline prices that have surged following a leak on the key line. Still, the 12- day disruption on Colonial, the main artery that flows about 1.3 million barrels per day of fuel from the refining hub on...