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Top News & Analysis Houston

  • *OPEC overcomes suspicions to talk to funds and traders. *OPEC and non- OPEC oil ministers meet on Thursday. Barkindo, elected to OPEC's top job in June 2016 to deal with an oil price slump, told Morse that OPEC wanted to better understand the way financial players worked in the oil markets.

  • AUSTIN, Texas— A transgender "bathroom bill" reminiscent of one in North Carolina that caused a national uproar now appears to be on a fast-track to becoming law in Texas— though it may only apply to public schools. "it's absolutely about child safety," said Paddie, from the East Texas town of Marshall. Texas' legislative session ends May 29, but that's plenty of time to...

  • Louisiana, Pennsylvania and Wyoming each gained two, while New Mexico and Ohio each added one. Colorado declined by two rigs and Alaska lost one. Arkansas, California, Kansas, North Dakota, Utah and West Virginia were unchanged.

  • NEW YORK/ LONDON/ SINGAPORE May 19- After the first OPEC oil production cut in eight years took effect in January, oil traders from Houston to Singapore started emptying millions of barrels of crude from storage tanks. The stalled drawdowns shed light on the broader challenge facing OPEC- the Organization of the Petroleum Exporting Countries- as it struggles to...

  • NEW YORK/ LONDON/ SINGAPORE May 19- After the first OPEC oil production cut in eight years took effect in January, oil traders from Houston to Singapore started emptying millions of barrels of crude from storage tanks. The stalled drawdowns shed light on the broader challenge facing OPEC- the Organization of the Petroleum Exporting Countries- as it struggles to...

  • The rising business activity comes as Jeff Miller prepares to become the 98- year-old company's chief executive officer next month, taking over from Dave Lesar, CEO since 2000.. "We will continue to implement our strategy," Miller said in an interview at the company's Houston headquarters just outside George Bush Intercontinental Airport.

  • AUSTIN, Texas— A Texas Army National Guard officer returning home after nearly two years deployed to Afghanistan says he had to pay United Airlines $200 because his military bag was overweight. KTBC-TV in Austin reports 1st Lt. John Rader of Kyle had a duffel just over the 70- pound military bag weight limit, for no charges, to take a United flight Monday from El Paso.

  • The rising business activity comes as Jeff Miller prepares to become the 98- year-old company's chief executive officer next month, taking over from Dave Lesar, CEO since 2000.. "We will continue to implement our strategy," Miller said in an interview at the company's Houston headquarters just outside George Bush Intercontinental Airport.

  • JEDDAH, Saudi Arabia, May 18- Saudi Aramco is due to sign deals with 12 U.S. companies on Saturday during U.S. President Donald Trump's visit to Saudi Arabia, sources with knowledge of the matter said. Halliburton's incoming chief executive, Jeff Miller, declined to comment on any potential deal with Saudi Aramco.

  • HOUSTON _ Stage Stores Inc. on Thursday reported a loss of $19 million in its fiscal first quarter. Stage Stores expects full-year results to range from a loss of $1.55 per share to a loss of 95 cents per share, with revenue in the range of $1.57 billion to $1.62 billion. Keywords: Stage Stores, Earnings Report.

  • HOUSTON/ NEW YORK, May 17- Oil tankers carrying roughly 2.5 million barrels of U.S. crude are currently en route to Asia, trade sources said on Wednesday, as U.S. producers take advantage of favorable prices to ship to Asia while OPEC ponders further supply cuts next week. But relatively cheap U.S. crude has buoyed exports to Asia. Traders expect that May U.S. crude...

  • HOUSTON/ NEW YORK, May 17- Oil tankers carrying roughly 2.5 million barrels of U.S. crude are currently en route to Asia, trade sources said on Wednesday, as U.S. producers take advantage of favorable prices to ship to Asia while OPEC ponders further supply cuts next week. But relatively cheap U.S. crude has buoyed exports to Asia. Traders expect that May U.S. crude...

  • HOUSTON, May 17- Halliburton Co said on Wednesday that Chief Executive Officer Dave Lesar will retire on June 1 and be replaced by Jeff Miller, Lesar's longtime deputy and fellow board member. Halliburton, with headquarters in Houston and Dubai, signaled last month that demand is rising, especially in North America's shale oil patch. Lesar, who became CEO after...

  • CIUDAD GUAYANA, Venezuela/ CARACAS, May 17- P ockets of oil-rich Venezuela were suffering gasoline shortages on Wednesday as the OPEC nation's ageing refineries faced more operational problems and protests blocked some deliveries. Venezuela, which has the world's cheapest gasoline, has been plagued by intermittent fuel shortages in recent months as its oil...

  • HOUSTON _ Ignite Restaurant Group Inc. on Tuesday reported a loss of $6 million in its first quarter. The owner of restaurant chains Joe's Crab Shack, Brick House Tavern+ Tap, and Romano's Macaroni Grill posted revenue of $95.1 million in the period. Keywords: Ignite Restaurant Group, Earnings Report.

  • PROVIDENCE, R.I.— An elephant stretches its trunk through a window to soothe a sick child. The other closed this month, in Providence, Rhode Island, and with it, the end to a way of life few others have experienced. The Associated Press was allowed to observe it extensively.

  • They tell the story of the U.S. shale resurgence and the quandary it poses for OPEC as it struggles to tame a global glut. Surging U.S. production has stalled OPEC's effort to cut supply. The Permian boom will be high on the agenda as OPEC oil ministers begin gathering in Vienna ahead of a May 25 policy meeting to decide whether to extend output cuts.

  • HOUSTON _ PrimeEnergy Corp. on Monday reported first-quarter net income of $22.3 million, after reporting a loss in the same period a year earlier. The Houston- based company said it had profit of $7.35 per share. PrimeEnergy shares have declined 26 percent since the beginning of the year.

  • HOUSTON _ DXP Enterprises Inc. on Monday reported first-quarter net income of $3.1 million, after reporting a loss in the same period a year earlier. DXP Enterprises shares have declined almost 5 percent since the beginning of the year. Keywords: DXP Enterprises, Earnings Report.

  • BOSTON, May 12- Asset manager BlackRock Inc on Friday said it voted in favor of a shareholder proposal calling on Occidental Petroleum to report on the impact climate change could have on the energy company's business, helping it to pass. An Occidental spokesman said via e-mail the shareholder resolution passed at the company's annual meeting, held in Houston,...