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Top News & Analysis Houston

  • CARACAS, Feb 9- Venezuelan state oil company PDVSA has delayed and canceled crude deliveries to commercial partners in recent months, according to documents seen by Reuters, a further sign of the steady production decline of the country's top export. From October through January, PDVSA canceled or delayed delivery of almost 7 million barrels of crude due to...

  • HOUSTON/ CARACAS, Feb 9- Venezuela's state-run oil company, PDVSA, has fallen months behind on shipments of crude and fuel under oil-for-loan deals with China and Russia, according to internal company documents reviewed by Reuters. The delayed shipments to such crucial political allies and trading partners- which together have extended Venezuela at least $55...

  • HOUSTON _ Occidental Petroleum Corp. on Thursday reported a loss of $272 million in its fourth quarter. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share. Four analysts surveyed by Zacks expected $2.81 billion.

  • HOUSTON _ Stewart Information Services Corp. on Thursday reported fourth-quarter net income of $16.7 million. Stewart Information Services shares have dropped slightly more than 4 percent since the beginning of the year. Keywords: Stewart Information Services, Earnings Report.

  • HOUSTON _ Patterson-UTI Energy Inc. on Thursday reported a loss of $78.1 million in its fourth quarter. The average estimate of 15 analysts surveyed by Zacks Investment Research was for a loss of 54 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • HOUSTON _ Evolution Petroleum Corp. on Wednesday reported fiscal second-quarter profit of $2.3 million. Evolution Petroleum shares have fallen 25 percent since the beginning of the year. Keywords: Evolution Petroleum, Earnings Report.

  • HOUSTON _ Flotek Industries Inc. on Wednesday reported a loss of $13.9 million in its fourth quarter. On a per-share basis, the Houston- based company said it had a loss of 24 cents. Flotek Industries shares have climbed 12 percent since the beginning of the year.

  • HOUSTON _ Ion Geophysical Corp. on Wednesday reported a loss of $6.5 million in its fourth quarter. The Houston- based company said it had a loss of 55 cents per share. For the year, the company reported that its loss widened to $65.1 million, or $5.71 per share.

  • BERLIN- German Chancellor Angela Merkel to meet European Central Bank President Mario Draghi. LONDON- Bank of England Governor Mark Carney to speak at the Bank of England Inclusion Reception- 1830 GMT. ST. LOUIS, United States- St.

  • HOUSTON _ Integrated Electrical Services Inc. on Wednesday reported fiscal first-quarter net income of $3.9 million. Integrated Electrical Services shares have declined roughly 3 percent since the beginning of the year. Keywords: Integrated Electrical Services, Earnings Report.

  • HOUSTON _ Oceaneering International Inc. on Wednesday reported a fourth-quarter loss of $11 million, after reporting a profit in the same period a year earlier. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share. Oceaneering International shares have fallen 6 percent since the beginning of the year.

  • HOUSTON _ Geospace Technologies Corp. on Wednesday reported a loss of $11.7 million in its fiscal first quarter. Geospace Technologies shares have increased nearly 3 percent since the beginning of the year. Keywords: Geospace Technologies, Earnings Report.

  • *China's oil demand growth falters. NEW YORK, Feb 8- Oil prices rose slightly on Wednesday as investors covered short positions after a rise in U.S. crude inventories was not as massive as many had feared, while gasoline futures jumped 4 percent after a surprise decline in inventories of the fuel. U.S. crude stocks rose by 13.8 million barrels in the week to Feb. 3 as...

  • NEW YORK, Feb 8- Oil prices gained slightly on Wednesday as investors covered short positions after a rise in U.S. crude inventories was not as massive as many had feared, while gasoline futures jumped nearly 4 percent after a surprise decline in inventories of the fuel. U.S. crude stocks rose by 13.8 million barrels in the week to Feb. 3 as refineries cut output, while...

  • NEW YORK, Feb 8- Oil prices rose slightly on Wednesday as investors covered short positions when a big rise in U.S crude inventories was not as massive as many had feared, while gasoline futures jumped more than 3 percent after a surprise decline in inventories of the fuel. U.S. crude stocks rose 13.8 million barrels in the last week as refineries cut output, while...

  • *New York bank worked for years to win a Saudi Aramco role. NEW YORK/ LONDON/ DUBAI, Feb 8- Boutique investment bank Moelis& Co has been chosen as an adviser by Saudi Aramco on what is expected to be the world's biggest initial public share offering, sources familiar with the matter told Reuters. Moelis' appointment is a big win for the New York bank, dwarfing previous IPO...

  • DALLAS— An Austin-based driller said this week that it's buying about 71,000 acres of land in the energy-rich Permian Basin for $2.8 billion, becoming the latest energy company to make a major investment in the region. The deal comes just a few weeks after Exxon Mobil Corp. announced it was buying the Permian Basin holdings of the Bass family, of Fort Worth, in a...

  • Feb 8- U.S. crude stockpiles surged last week, driven by a big rise in imports and inventory build at the key oil hub at Cushing, Oklahoma, while gasoline drew down unexpectedly, the Energy Information Administration said on Wednesday. "It appears gasoline demand as measured for the week has rebounded to near-normal levels, which offsets some of the report's other...

  • *French bond yield spread over Germany widest since late 2012. *Wall St dips after stocks gain in Europe and Asia. NEW YORK, Feb 8- Political uncertainty ahead of European elections gave nervous investors a reason to sell the euro and kept French government debt under pressure on Wednesday, while the price of safe-haven gold hit three-month highs.

  • *Brent/WTI futures play declined as volatility ebbed. LONDON, Feb 8- After several years of neglect, oil investors are again betting heavily on the price difference between two global benchmarks- Brent and U.S. crude futures- due to a push in Washington to impose a controversial import tax. Then OPEC's decision in November to cut crude output, hoping to reverse more...