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Top News & Analysis Houston

  • Now, at least two East Coast refiners, Phillips 66 and Delta Air Lines Inc's subsidiary Monroe Energy, are looking to move more crude by ship from Texas into the Philadelphia area. This option is more expensive than oil imported to the East Coast, typically from Nigeria. Analysts and traders expected that once the Dakota line came into service, East Coast and West...

  • CALGARY, Alberta, April 23- Canada's Cenovus Energy Inc has said it may sell parts of the Deep Basin natural gas assets it recently bought from Houston- based ConocoPhillips, Royal Bank of Canada analysts wrote in a research note on Sunday. Cenovus Chief Executive Brian Ferguson held a conference call with analysts last Friday, and the oil company "signaled that it...

  • NEW YORK, April 22- American Airlines on Saturday apologized to a female passenger and suspended an employee after a video showing an onboard clash over a baby stroller went viral, in the latest embarrassment for a U.S. carrier over how it treated a customer. Facebook user Surain Adyanthaya, who posted the video, wrote that the flight attendant had forcefully...

  • *Oil supplies remain plentiful despite OPEC- led cut. SINGAPORE/ LONDON, April 21- The jury is still out over whether an OPEC- led production cut aimed at tightening oil markets is working, or if the producer club has simply enabled higher prices without making much of a dent in the global fuel supply overhang. Over two years into a 50 percent price slump, the...

  • *Oil supplies remain plentiful despite OPEC- led cut. SINGAPORE/ LONDON, April 21- The jury is still out over whether an OPEC- led production cut aimed at tightening oil markets is working, or if the producer club has simply enabled higher prices without making much of a dent in the global fuel supply overhang. Over two years into a 50 percent price slump, the...

  • *Saudi Arabia, Kuwait signal likely cut extension. NEW YORK, April 20- Oil prices ended mixed on Thursday after a seesaw trading session, as investors weighed rising U.S. production against geopolitical uncertainties and comments from leading Gulf oil producers that an extension to OPEC- led supply cuts was likely. OPEC members Saudi Arabia and Kuwait signaled...

  • *Saudi Arabia, Kuwait signal likely cut extension. NEW YORK, April 20- Oil prices were mixed on Thursday in a seesaw trading session, as investors weighed rising U.S. production against comments from leading Gulf oil producers that an extension to OPEC- led supply cuts was likely. OPEC members Saudi Arabia and Kuwait signaled that the Organization of the Petroleum...

  • HOUSTON, April 20- ConocoPhillips has beaten its 2017 asset sales target less than four months into the year, after shedding $30.8 billion worth of energy assets in six years. But instead of a chorus of cheers on Wall Street, Chief Executive Ryan Lance is facing investor skepticism that the company can deliver growth from remaining oil and gas fields.

  • *OPEC output cuts offset by U.S. shale producers. The surprise gasoline build, along with an increase in U.S. production and imports from OPEC nations, pressured prices. Weekly imports from OPEC nations rose by 900,000 barrels, the EIA said.

  • HOUSTON, April 19- Exxon Mobil Corp on Wednesday declined to comment on a media report that it is seeking permission from the U.S. government to drill in several areas of the Black Sea banned by U.S. sanctions on Russia. During at least three occasions in 2015 and 2016, Exxon was granted licenses allowing "limited administrative actions" in Russia, according to...

  • BEIJING, April 19- China National Petroleum Corp will install its domestic fuel sales chief to head the state-owned oil giant's trading arm, succeeding Wang Lihua who is retiring after two decades guiding one of the world's top oil merchants, sources said. Tian Jinghui, a vice president at PetroChina, CNPC's listed subsidiary, and a veteran of its fuel marketing...

  • April 18- U.S. natural gas pipeline exports to Mexico fell to their lowest level since June 2015 due to maintenance on the NET Mexico pipe in Texas, while the first tankers from the United States started delivering liquefied natural gas to Mexico's Gulf Coast. A unit of Mexico's state-owned petroleum company, Petroleos Mexicanos, started importing LNG from...

  • NEW YORK, April 17- Crude oil prices slipped 1 percent on Monday in subdued trading after a long Easter holiday weekend, on news of rising U.S. shale production and profit-taking following three straight weeks of gains. On Monday, the Energy Information Agency said U.S. shale production in May was set for its biggest monthly increase in more than two years, adding to...

  • A United Airlines jet

    An engaged couple were removed from a United Airlines flight to Costa Rica on Saturday.

  • This pool hangs 500 feet in the air

    Luxury high-rise building in downtown Houston has a clear bottom pool that juts out 10 feet off the building, letting you swim 500 feet above downtown.

  • A scorpion stung a United Airlines passenger mid-flight

    A United Airlines passenger was stung by a scorpion that fell out of an overhead bin mid-flight.

  • April 13- ConocoPhillips, the largest U.S. independent oil producer, said on Thursday it would sell natural gas-heavy assets in San Juan basin to privately held Hilcorp Energy Co for about $3 billion. The assets, which span New Mexico and Southwestern Colorado, produced 124,000 barrels of oil equivalent per day, about 80 percent of which was natural gas,...

  • OPEC and non- OPEC suppliers are working toward cuts of 1.8 million barrels per day, around 2 percent of the 92 million bpd global market, as they try to bring down record oil inventories and raise prices. "Aggressive Permian production growth alongside regional refinery outages and weaker export demand for shale crude has forced heavy discounts for Midland...

  • OPEC and non- OPEC suppliers are working toward cuts of 1.8 million barrels per day, around 2 percent of the 92 million bpd global market, as they try to bring down record oil inventories and raise prices. "Aggressive Permian production growth alongside regional refinery outages and weaker export demand for shale crude has forced heavy discounts for Midland...

  • LONDON/ DUBAI, April 11- Saudi Arabia and international oil companies have discussed gas venture opportunities inside the kingdom and abroad as part of the top crude-exporting country's drive to diversify investments before the listing of national energy giant Saudi Aramco. Aramco has also looked into investing in gas ventures abroad, including with...