Top News & Analysis Texas

  • HOBBS, N.M., Oct 13- New Mexico oil man Johnny Vega laid out his predicament as his crew hoisted pipes from a well during the biggest oil boom in U.S. history. There is no shortage of Hispanic and Latino immigrant workers without work permits he could hire in Lea County, New Mexico- the No.2 oil-producing county in the United States. Employers like Vega in the Permian...

  • Oct 11- Indiana on Thursday confirmed two more deaths from a mysterious lung illness linked to e-cigarettes, bringing the total number of fatalities to 29 across the country, as U.S. health officials investigate the outbreak that has shown no signs of easing. Latest data from the Centers for Disease Control and Prevention listed 1,299 confirmed and probable...

  • *Higher freight, narrow Brent-WTI spread hit US oil flow to Asia. The cost of shipping crude from the Americas, Europe, Africa and the Middle East to Asia has surged over the past two weeks as companies shunned nearly 300 tankers on fears of violating sanctions against OPEC members Iran and Venezuela. Higher freight rates and a jump in crude premiums after the Saudi...

  • AUSTIN/ SAN FRANCISCO, Oct 10- Texas officials managing a sprawling investigation of the advertising practices at Alphabet Inc's Google have begun receiving data from the search and advertising giant after two previous probes bogged down in extended document fights. The Texas attorney general's office said that as of Thursday, it had received some data from...

  • Unipec, the trading arm of China's Sinopec, Swiss trader Trafigura AG, oil firm Equinor ASA, Exxon Mobil Corp and others are shunning contracts or vessels that might put them in jeopardy of violating U.S. sanctions on Venezuela, according to sources and documents. The United States in early August ratcheted up sanctions on Venezuela, adding measures that could...

  • Last week, the Centers for Disease Control and Prevention reported 1,080 cases and 18 deaths from the illness. As of Oct. 8, confirmed deaths were reported from 21 states, including one each from California, Connecticut, Georgia, Massachusetts, Michigan, New York, Texas and Pennsylvania. As the outbreak picks up pace, some states, including New York, Michigan and Rhode...

  • LAUNCESTON, Australia, Oct 10- Asian refiners are once again paying the price for the ongoing battle between the United States and Iran, with the effective price of crude oil being kicked higher by a sharp rise in tanker freight costs. Given Asian refiners rely heavily on long-distance supplies from the Middle East, Africa and the United States, the rise in freight...

  • Director Phillip Gobe was appointed principal executive officer and Darin Holderness was named interim chief financial officer, the company said in a regulatory filing. Co-founder Dale Redman will no longer serve as the principal executive but will retain the title of chief executive, the statement said. Those transactions do not involve current or former...

  • *Sale to raise up to $3 billion- sources. LONDON, Oct 9- Exxon Mobil Corp has appointed Bank of America Merrill Lynch to run the sale of its Malaysian oil and gas assets as the U.S. firm accelerates a vast disposal program, banking and industry sources said. Those it has offered or sold include production in Norway, Australia, Nigeria, Azerbaijan and Britain.

  • WASHINGTON, Oct 9- American Airlines Group Inc said Wednesday it is extending cancellations of Boeing 737 MAX flights through Jan. 15 as regulators continue to extensively review proposed software changes to the grounded plane. The FAA said Wednesday it is "is following a thorough process, not a prescribed timeline, for returning the Boeing 737 Max to passenger...

  • The delays have caused the two giant gas pipelines- Dominion Energy Inc's Atlantic Coast and EQM Midstream Partners LP's Mountain Valley- to increase their cost estimates by hundreds of millions of dollars, according to the companies. The Atlantic Coast pipeline may never be completed unless the U.S. Supreme Court overturns a lower-court decision blocking...

  • HOUSTON, Oct 8- Citgo Petroleum Corp this week named a former BP lawyer to take on the company's top legal job as it faces creditors seeking to seize shares in the U.S.-based refiner over parent PDVSA's debts. Jack Lynch, who spent 18 years working for BP in Houston, London and Cleveland, Ohio, was named vice president of legal and government affairs, according to...

  • Cities such as New York, Houston and San Francisco have moved to near the top of the rankings in recent years in terms of wage inequality, the report by economists Jaison Abel and Richard Deitz released on Monday found. In San Francisco, inflation-adjusted wages for workers in the top 5% of wage earners grew by 120% between 1980 and 2015, while wages for the bottom...

  • Energy Secretary Rick Perry recommended Ukraine President Volodymyr Zelenskiy's administration talk with Daniel Yergin, a Pulitzer Prize winning energy historian, and Carlos Pascual, a former ambassador to Ukraine, on energy reforms, an U.S. Energy Department official said on Monday. Perry also recommended Zelenskiy's administration talk to industry...

  • NEW YORK, Oct 7- Wall Street equity indexes ended a volatile session lower on Monday while oil prices gave up early gains and the dollar rose as investors looked for safety ahead of U.S.- China trade talks. As deputy level U.S.- China trade talks kicked off on Monday, the White House confirmed that high-level talks involving Chinese Vice Premier Liu He, U.S.

  • WASHINGTON, Oct 6- The U.S. Supreme Court kicks off its new term this week, with a major dispute on tap over whether a landmark decades-old federal anti-discrimination law that bars sex discrimination in the workplace protects gay and transgender employees. President Donald Trump's administration has argued that Title VII does not cover sexual orientation...

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  • LONDON/ HOUSTON, Oct 4- Exxon Mobil Corp this week banned the use of vessels linked to oil flows from Venezuela in the last year, according to four people familiar with the matter, putting new pressure on the U.S. sanctioned country and on global crude freight rates. Washington has imposed several rounds of sanctions on Venezuela this year to oust socialist...

  • HOUSTON, Oct 4- Exxon Mobil Corp this week banned the use of vessels linked to oil flows from Venezuela in the last year, according to four people familiar with the matter, placing new pressure on the U.S. sanctioned country and on global crude freight rates. The largest publicly-traded oil producer's contract clause would affect about 250 tankers, two of the...

  • By Jennifer Hiller and Jonnelle Marte. THE WOODLANDS, Texas/ NEW YORK, Oct 3- Two Fed policymakers on Thursday signaled they are open to delivering another rate cut after a report showed the growth in the vast U.S. services sector is slowing, but the Fed's No. 2, speaking late in the day, gave little away on his own thinking. The Fed "will act as appropriate to sustain a low...