United States

Collin Eaton

BP agrees to supply crude to St. Croix refinery

Nov 16 2018

HOUSTON BP Plc's trading arm on Friday entered a tolling agreement with the owners of an idled oil refinery in St. Croix, U.S. Virgin Islands, cementing plans to bring the plant back online six years after it was idled by previous owners, the company said.

NiSource lapses led to deadly Massachusetts blast: federal agency

Nov 15 2018

The National Transportation Safety Board said on Thursday that utility company NiSource Inc failed to adequately draft and oversee natural gas pipeline work orders and those lapses led to deadly blasts in three Massachusetts communities in September.

U.S. Gulf Coast crude imports fall to 1-year low as exports surge

Nov 15 2018

HOUSTON, Nov 15 U.S. Gulf Coast crude oil imports in October fell to the lowest level in more than a year as the nation's production and exports soared, data from Refinitiv Eikon and market intelligence firm Kpler show.

North Dakota oil prices set to weaken further amid pipe, rail constraints

Nov 12 2018

NEW YORK/HOUSTON Bakken crude prices are set to weaken from already low levels in coming months, with the frigid winter in North Dakota likely to disrupt rail loadings and worsen bottlenecks as production soars, traders and executives said.

U.S. pipeline operators reap hefty profits from bottlenecks in Texas

Nov 09 2018

HOUSTON, Nov 9 Some of the biggest pipeline operators in the United States have supercharged earnings this year by buying deeply discounted shale in West Texas oilfields and selling it at a premium at Gulf Coast ports.

Rising U.S. crude output sparks race to build export terminals

Oct 30 2018

NEW YORK/HOUSTON A high-stakes competition is emerging among energy exporters proposing multi-million-dollar crude terminals along the U.S. Gulf Coast to handle a gusher of shale oil coming from West Texas oilfields.

Venezuela, Mexico divert crude to U.S. as Canadian barrels get stuck

Oct 26 2018

MEXICO CITY/HOUSTON Cash-strapped state-run oil companies in Mexico and Venezuela have begun diverting crude historically processed for domestic use and sending it to U.S. refiners now facing transportation constraints to secure similar grades from Canada, data shows.

Oil settles higher as stock markets gain, Saudi signals intervention

Oct 25 2018

HOUSTON Oil prices rose 1 percent on Thursday, following the U.S. stock market higher a day after Wall Street's biggest drop since 2011 and as Saudi Arabia's energy minister signaled major producers may have to intervene in crude markets to support prices.

Shale explorer Felix Energy hires Jefferies to seek sale: sources

Oct 24 2018

HOUSTON Felix Energy LLC, a closely held Denver-based oil producer with operations in the largest U.S. shale field, is exploring a sale that could value the company at more than $3.5 billion, two people familiar with the matter said on Wednesday.

U.S. Midland crude firms, Cushing weakens ahead of pipeline startup

Oct 19 2018

NEW YORK The upcoming startup of an expanded crude pipeline from the Permian Basin to Cushing, Oklahoma has rapidly strengthened oil prices in West Texas while weighing on futures as traders expect stockpiles to rise in Cushing, the delivery point for the benchmark contract.

World News

Myanmar court allows jailed Reuters reporters' appeal to proceed: lawyer

Myanmar's High Court has allowed an appeal to proceed in the case of two Reuters reporters jailed for seven years on charges of breaking the country's Official Secrets Act, defense lawyers said on Tuesday.The appeal against the conviction, filed earlier this month, cited evidence of a police set-up and lack of proof of a crime. The lawyers did not specify when the Yangon-based court made its decision and there was no formal announcement from the court. Reuters was unable to co