Top News & Analysis Houston

  • HOUSTON, Feb 22- U.S. refiner Citgo Petroleum Corp on Friday said it accepted a new board of independent directors and launched a search for a chief executive, in a split with its Venezuelan state-run parent PDVSA. The move by the eighth largest U.S. refiner is another step in efforts to chart a course for the company and to force Venezuela's Socialist President...

  • *China struggle to bridge trade gaps, more time seen likely. NEW YORK, Feb 22- Oil prices touched their highest since mid-November on Friday and posted weekly gains for the second week in a row, boosted by hopes that U.S.- China trade talks would soon produce a deal, although new record U.S. oil supply limited gains. West Texas Intermediate crude futures gained 30...

  • Feb 21- Jeffrey Skilling, the onetime chief of Enron Corp who was sentenced to 24 years in prison for his conviction on charges stemming from the companys spectacular collapse, has been released from federal custody, the Houston Chronicle reported on Thursday. Skilling, 65, was moved in August 2018 from an Alabama prison camp to a residential re-entry facility...

  • Feb 21- A board of directors appointed this month by Venezuela's opposition-controlled congress to run state-owned oil firm PDVSA's U.S. unit Citgo Petroleum on Thursday was arranging its first meeting at the company's headquarters, according with two people familiar with the matter. Venezuela's National Assembly, led by opposition leader and...

  • Feb 21- Members of boards of directors appointed this month by Venezuela's opposition-controlled congress to run state-owned oil firm PDVSA's U.S. subsidiaries arrived at Citgo Petroleum's Houston headquarters, two people familiar with the matter said on Thursday. Venezuela's National Assembly, led by opposition leader and self-proclaimed president...

  • LONDON, Feb 21- Nigeria has ordered foreign oil and gas companies to pay nearly $20 billion in taxes it says are owed to local states, industry and government sources said, in a move that could deter investment in Africa's largest economy. Norway's Equinor, which produced around 45,000 barrels per day of oil in Nigeria in 2017, confirmed the request.

  • *Trump open to extending March 1 deadline for China trade talks. HOUSTON, Feb 20- Crude prices rose nearly 2 percent on Wednesday, with Brent hitting its highest this year, on hopes that oil markets will balance later this year, helped by output cuts from top producers as well as U.S. sanctions on OPEC members Iran and Venezuela. Prices were also supported by strong...

  • ORLANDO, Fla., Feb 20- Kinder Morgan Inc will expand barge-loading capacity at its ethanol terminal in Chicago to help relieve a supply glut there that is driving down global prices for the biofuel, three people briefed on the company's plans told Reuters. The situation has added pain to a critical Midwest agricultural industry that is already struggling with a...

  • STOCKHOLM- Riksbank Deputy Governor Martin Flodén will discuss the economic situation and monetary policy- 1100 GMT. FRANKFURT- ECB chief economist Peter Praet delivers Speech by at 11th Frankfurt Main Financial Centre Breakfast organized by Frankfurt Main Finance e.V. in Frankfurt, Germany.- 0700 GMT. THURSDAY, FEBRUARY 21 STANFORD, Calif.- Federal Reserve...

  • ITTA BENA, Miss. Feb 14- Heres what has happened in Leflore County, Mississippi, since the end of the U.S. recession in 2009.. The United States' record-setting and near-decade-long recovery from the 2007 to 2009 recession has restored many measures of the national economy back to or better than what they were. But it has done little for Leflore County, or for many...

  • The company has been looking to divest its North Sea assets and focus on the rising shale oil production in the United States. The U.S. recently surpassed Saudi Arabia and Russia to become the world's top crude producer. The company's net income was $390 million, or 47 cents per share, in the fourth quarter ended Dec. 31, compared to a loss of $28 million, or 3 cents per...

  • CVS' new concept stores, called HealthHUBs, offer more health services than its typical drugstores.

    CVS Health is unveiling its new health-focused concept store that's designed to help the drugstore become more like a health-care provider than a place to pick up prescriptions and greeting cards.

  • HOUSTON/ MEXICO CITY/ MOSCOW, Feb 12- Venezuela's oil exports have tapered off and shifted toward India since new U.S. sanctions began Jan. 28 as state-run oil company PDVSA seeks to replace deliveries to the United States and Europe that were disrupted by payment restrictions. The South American nation is turning its focus to cash-paying buyers, especially in...

  • HOUSTON/ MEXICO CITY/ MOSCOW, Feb 12- Venezuela's oil exports have tapered off and shifted toward India since new U.S. sanctions began Jan. 28 as state-run oil company PDVSA seeks to replace deliveries to the United States and Europe that were disrupted by payment restrictions. The South American nation is turning its focus to cash-paying buyers, especially in...

  • HOUSTON/ MEXICO CITY/ MOSCOW, Feb 12- Venezuela's oil exports have tapered off and shifted toward Asia since new U.S. sanctions began Jan. 28 as state-run oil company PDVSA seeks to replace deliveries to the United States and Europe that were disrupted by payment restrictions. The South American nation is turning its focus to cash-paying buyers in Asia and to...

  • HOUSTON, Feb 11- Sentinel Midstream on Monday became the latest contender in the race to build a crude export terminal off the U.S. Gulf Coast, announcing plans to develop a facility off Freeport, Texas that could fully load a supertanker in one day. The Dallas- based company's announcement follows seven other proposed crude export terminals vying to build a...

  • Feb 9- Venezuelan state-run oil company PDVSA is taking steps to remove at least two American executives from the board of directors of its U.S. refining subsidiary, Citgo Petroleum Corp, according to people close to the matter. Citgo is facing unprecedented challenges to its finances and management after the U.S. government last week imposed tough sanctions...

  • NEW YORK, Feb 8- The firm that sold Chelsea Market to Google for $2.4 billion has joined three large brokerages, among others, to back software designed to meet the growing demands of a millennial workforce that is changing how office space is leased and managed. Office workers now interact online or through smartphones and landlords who ignore this trend will...

  • Feb 7- The U.S. Justice Department is investigating a former U.S.-based oil trader for Brazil's Petrobras already charged in his home country with taking part in a corruption scheme involving commodity companies Vitol SA, Glencore PLC and Trafigura AG, according to people familiar with the matter. Attorney's office for the Eastern District of New York is...

  • Feb 7- The U.S. Justice Department is investigating a former U.S.-based oil trader for Brazil's Petrobras already charged in his home country with taking part in a corruption scheme involving commodity companies Vitol SA, Glencore PLC and Trafigura AG, according to people familiar with the matter.