Top News & Analysis Louisiana

  • *Separate deals may be needed for OPEC, non- OPEC- Algerian oilmin. Still, the market was on course to gain nearly 5 percent, its first weekly gain in three weeks, on hopes for a global deal on stabilizing crude output after Saudi Arabia, the leading oil producer inside OPEC, and Russia, the biggest producer outside the group, agreed on Monday to cooperate in oversupplied...

  • LONDON, Sept 9- Oil prices edged lower on Friday but were still set for their first weekly gain in three weeks after Russia and Saudi Arabia agreed to work together to help rebalance the markets and after a surprisingly large drawdown in U.S. crude stocks. The Brent crude benchmark for November delivery was down $1.20 cents at $48.79 a barrel as of 1234 GMT after...

  • TOKYO/ LONDON, Sept 9- Oil prices edged lower on Friday but were set for the first weekly gain in three weeks after jumping 4 percent a day earlier due to a surprisingly large drawdown in U.S. crude stocks. Brent and West Texas Intermediate crude futures have gained nearly 6 percent this week and are on course for their biggest weekly gain in three weeks following two...

  • TOKYO, Sept 9- Oil prices pulled back on profit-taking on Friday after settling more than 4 percent higher a day earlier, following a surprisingly large drawdown in U.S. crude stocks as Gulf Coast imports slumped to a record low. Brent and West Texas Intermediate crude futures have gained nearly 6 percent this week and are on course for their biggest weekly gain in...

  • TOKYO, Sept 9- Oil prices pulled back on profit-taking on Friday after settling more than 4 percent higher a day earlier, following a surprisingly large drawdown in U.S. crude stocks as Gulf Coast imports slumped to a record low. Brent and West Texas Intermediate crude futures have gained about 6 percent this week and are on course for their biggest weekly gain in...

  • TOKYO, Sept 9- Oil prices pulled back on profit-taking on Friday after settling more than 4 percent higher a day earlier, following a surprisingly huge drawdown in U.S. crude stocks as Gulf Coast imports slumped to a record low. Brent and West Texas Intermediate crude futures have gained about 6 percent this week and are on course for their biggest weekly gain in...

  • London Brent crude for November delivery was down 36 cents at $49.63 a barrel by 0023 GMT. It settled up $2.01, or 4.2 percent, at $49.99 on Thursday after touching a near two-week high of $50.14 earlier. Traders said the imports fell as ships delayed offloading cargoes in Texas and Louisiana due to Tropical Storm Hermine.

  • London Brent crude for November delivery was down 36 cents at $49.63 a barrel by 0023 GMT. It settled up $2.01, or 4.2 percent, at $49.99 on Thursday after touching a near two-week high of $50.14 earlier. Traders said the imports fell as ships delayed offloading cargoes in Texas and Louisiana due to Tropical Storm Hermine.

  • *Traders say imports fell due to Tropical Storm Hermine. NEW YORK, Sept 8- Oil prices surged over 4 percent on Thursday, with Brent briefly touching $50 a barrel for the first time in two weeks, after a surprisingly huge drawdown in U.S. crude stocks as Gulf Coast imports slumped to a record low. Traders said the imports fell as ships delayed offloading cargos in Texas...

  • *Traders say imports fell due to Tropical Storm Hermine. NEW YORK, Sept 8- Oil prices surged about 4 percent on Thursday after U.S. inventory data showed a surprisingly large drawdown in crude stocks as imports into the U.S. Gulf Coast slid last week due to Tropical Storm Hermine. Tropical Storm Hermine, which threatened the Gulf Coast refining region last week,...

  • Sept 2- Hundreds of banana farmers from Central America and South America will again have their day in court, after a U.S. appeals court on Friday revived six lawsuits accusing several big fruit and chemical companies of sickening them with a toxic pesticide. By an 11-0 vote, the 3rd U.S. Circuit Court of Appeals in Philadelphia revived claims by 228 farmers from...

  • WASHINGTON, Sept 7- The Obama administration has sent Congress a plan to modernize the country's emergency oil reserve, a step that could set in motion a sale of about 8 million barrels from the stash later this year to help pay for the revamp, the Energy Department said on Wednesday. Under the $1.5- $2 billion revamp plan, three dedicated marine terminals would be...

  • RICHMOND, Va., Sept 7- Josiah Cooper-Pope, born 15 weeks premature, did fine in the neonatal intensive care unit for the first 10 days of his life. His mother, Shala Bowser, said nurses at Chippenham Hospital in Richmond, Virginia, told her that Josiah had an infection and that she should prepare for the worst. The shock of her son's death came back to her when, after being...

  • The settlement came on the eve of what would have been the fourth in a series of test trials intended to help GM and plaintiffs define settlement options in 234 injury and death lawsuits consolidated in Manhattan federal court. One of the two cases, which had been set for a Sept. 12 trial, was filed by Virginia resident Stephanie Cockram, who sued GM over injuries she...

  • Sept 2- Hundreds of banana farmers from Central America and South America will again have their day in court, after a U.S. appeals court on Friday revived six lawsuits accusing several big fruit and chemical companies of sickening them with a toxic pesticide. By an 11-0 vote, the 3rd U.S. Circuit Court of Appeals in Philadelphia revived claims by 228 farmers from...

  • Sept 2- Hundreds of banana farmers from Central America and South America will again have their day in court, after a U.S. appeals court on Friday revived their lawsuits accusing several companies of sickening them by using a toxic pesticide. By an 11-0 vote, the 3rd U.S. Circuit Court of Appeals said a Delaware judge erred in dismissing claims by 228 farmers from...

  • Sept 1- Williams Partners LP said it had filed for an approval from the U.S. Federal Energy Regulatory Commission to expand its Transco pipeline in Texas and Louisiana. One of the terminals is on the coast of Freeport Bay and another on the northern coast of Corpus Christi Bay. Construction of the Freeport Bay terminal is expected to be completed by the third...

  • NEW YORK, Sept 1- Ferrellgas Partners LP has quietly shed a five-year contract at a Philadelphia- area crude rail terminal just a year after it obtained it through a deal that gave the propane company its first foothold in the oil logistics business. The quiet sale raises questions about how transparent Ferrellgas has been with investors about developments...

  • Aug 31- U.S. crude oil stockpiles rose much more than expected last week, while distillate inventories surged as well, the U.S. Energy Information Administration said on Wednesday. We should be getting draws for this time of year, "said Tariq Zahir, trader in crude oil spreads at Tyche Capital Advisors in New York. Gulf; a tropical depression currently in the...

  • HOUSTON, Aug 30- Motiva Enterprises LLC said on Tuesday the division of its U.S. refining assets between Royal Dutch Shell Plc and Saudi Aramco would take place on April 1, 2017, months later than originally expected. "The separation transaction between Motiva's owners is targeted to close April 1, 2017." In the March 16 announcement of plans to break up Motiva, the...