Top News & Analysis Texas

  • Sept 16- The style of attack used against oil plants in Saudi Arabia that knocked out half of the country's production on Saturday is unlikely to be a risk in the United States, energy and security experts say. Even production in the country's biggest oil field, the Permian Basin in Texas and New Mexico, is spread across thousands of wells in a 75,000- square-mile...

  • President Donald Trump turned to the weekend attack on Saudi Arabias oil facilities and assured his audience the United States had become such a big producer it no longer needed oil from the Middle East https://twitter.com/realDonaldTrump/status/1173560246863876096. U.S. government data tells a different story: The technology-driven U.S. drilling...

  • Sept 16- Shares of U.S. energy companies surged on Monday as a jump in oil prices in the wake of attacks on Saudi Arabia's oil facilities gave new juice to a sector that has been a chronic underperformer. Benchmark Brent settled up about 15% after rising about 20%, following drone attacks that sliced Saudi Arabia's production in half and threatened to hamper...

  • NEW YORK/ HOUSTON, Sept 16- U.S. crude export demand at the Gulf Coast surged on Monday, traders said, as the window to export crude profitably to Asia and Europe was thrown open after attacks on Saudi Arabia's oil facilities took out 5% of global oil supplies. Brent's premium over U.S. crude widened to as much as $7.40 a barrel on Monday, making U.S. crude-linked grades...

  • *China buys about a quarter of Saudi exports. *U.S. exports expected to jump. NEW YORK/ SINGAPORE, Sept 16- The oil markets were in turmoil on Monday after the weekend's attack on Saudi facilities, as refiners in top consumer Asia looked for alternative supplies, U.S. crude producers ramped up efforts to export crude and Saudi Arabia tried to secure refined products.

  • NEW YORK, Sept 16- Oil prices jumped roughly 12% on Monday after an attack on Saudi Arabian crude oil facilities over the weekend sliced the kingdom's production in half and intensified concerns of retaliatory actions in the Middle East. Brent crude futures rose as much as 19.5% to $71.95 per barrel, the biggest intraday jump since Jan. 14, 1991.

  • *Lost production could cost GM up to $50 million a day. DETROIT, Sept 16- Negotiators for General Motors Co and the United Auto Workers resumed talks Monday at 10 a.m. EDT to resolve a strike that shut down the automaker's highly profitable U.S. operations. Lost production could cost GM as much as $40 million to $50 million a day, RBC Capital Markets estimated in a note...

  • *Saudi Arabia crude stocks: https://tmsnrt.rs/31saE7g. LONDON, Sept 16- The strike on the heartland of Saudi Arabia's oil industry, including damage to the world's biggest petroleum-processing facility, has driven oil prices to their highest level in nearly four months. Before the attack, the Organization of the Petroleum Exporting Countries global supply...

  • BUENOS AIRES, Sept 16- In late August, amid a sharp plunge in the Argentine peso, global suppliers to oil giant YPF received an unwelcome surprise in their inbox. The move rattled suppliers and global energy firms and will likely lead to a slowing of operations in the country's huge Vaca Muerta shale play, where foreign companies were lured by promises of stability...

  • NEW YORK, Sept 15- U.S. motorists most likely to feel the hit from rising gas prices following the attacks on Saudi Arabia's oil facilities are on the West Coast, which accounts for nearly half of all of U.S. crude imports from the kingdom. However, California motorists, some 8,000 miles away from Saudi Arabia, could be hit the hardest. Saudi Arabia exports more than 7...

  • President Donald Trump will meet next week with the leaders of India and Australia at events in Texas and Ohio to promote trade and investment. The White House said Trump will travel to Houston, Texas, on Sept. 22 to participate in an event with Prime Minister Narendra Modi of India and to "discuss ways to deepen their energy and trade relationship."

  • LONDON, Sept 16- The strike on the heartland of Saudi Arabia's oil industry, including damage to the world's biggest petroleum-processing facility, has driven oil prices to their highest level in nearly four months. Before the attack, the Organization of the Petroleum Exporting Countries global supply cushion was just over 3.21 million barrels per day,...

  • President Donald Trump will meet next week with the leaders of India and Australia at events in Texas and Ohio to promote trade and investment. The White House said Trump will travel to Houston, Texas, on Sept. 22 to participate in an event with Prime Minister Narendra Modi of India and to "discuss ways to deepen their energy and trade relationship."

  • HOUSTON, Sept 15- U.S. shale producers have added millions of barrels to global crude supply in recent years, but that does not mean they can quickly replace barrels lost from weekend attacks on Saudi Aramco facilities, energy experts said on Sunday. There are about 1,000 Permian wells that have been drilled but not completed or hooked up to pipelines, said...

  • Yemen's Iran- aligned Houthis claimed responsibility for the attack that knocked out about 5 million barrels or 5% of global production, but U.S. The Strategic Petroleum Reserve, managed by the Energy Department, is held in heavily-guarded underground caverns on the Texas and Louisiana coasts. Washington in the past has participated in coordinated...

  • HOUSTON, Sept 14- Saudi Arabia's oil production and exports have been disrupted by drone attacks on two major oil facilities run by state-owned company Aramco, including the world's biggest petroleum processing facility. The pre-dawn drone attack by Yemen's Iran- aligned Houthi group set off several fires, although the kingdom, the world's largest oil...

  • WASHINGTON, Sept 13- A U.S. House of Representatives panel on Friday demanded internal emails, detailed financial information and other company records from top executives of Amazon.com Inc., Facebook Inc, Apple Inc, and Alphabet Inc's Google, widening the antitrust probe of Big Tech. The letters seek by Oct. 14 internal emails over the last decade from Apple CEO...

  • Houston police on Thursday arrested Greenpeace climate protesters who closed part of a key oil export waterway for hours by tying themselves to a bridge and dangling over the water. The protesters blocked tanker ship traffic to and from five major oil refineries and export terminals

  • Sept 13- A U.S. House of Representatives panel on Friday demanded internal emails and other company records from Amazon.com Inc., Facebook Inc, Apple Inc, and Alphabet Inc's Google as it seeks evidence of anticompetitive behavior. A bipartisan group of lawmakers on the House Judiciary Committee requested the documents by Oct. 14. The U.S. Justice Department said...

  • HOUSTON, Sept 13- The Houston Ship Channel on Friday reopened for vessel traffic, the U.S. Coast Guard said, after the last of 11 protesters who had disrupted traffic by dangling on ropes above the key energy-export waterway was removed by police earlier in the morning. A large portion of the channel was closed when Greenpeace protesters attached themselves and...