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Today: March 25, 2025
Today: March 25, 2025
Arathy Somasekhar

Arathy Somasekhar

Staff Writer

Latest From Arathy Somasekhar

Business|Finance|News|US

Oil dips on profit taking after price crosses $85

Oil prices edged lower on Friday but were on track to gain nearly 4% for the week as sharp declines in U.S. crude and fuel inventories, drone strikes on Russian

Oil dips on profit taking after price crosses $85
Business|Economy|News|Technology

Oil mergers, clean fuels vie for attention at Houston energy conference

Top oil executives and ministers descend on Houston this week for one of the world's biggest energy conferences emboldened by blockbuster mergers, stable oil

Oil mergers, clean fuels vie for attention at Houston energy conference
Business|Economy|Finance|News

Indian refiners buy more US crude as Russia sanctions tighten

More than 250,000 barrels per day of U.S. crude is set to arrive in India next month, the highest in more than a year, ship tracking data showed, amid tighter

Indian refiners buy more US crude as Russia sanctions tighten
Economy|Finance|US

Activist Elliott has accepted Phillips 66's performance goals -CEO Lashier

Activist investor Elliott Investment Management has accepted the performance improvement plan that U.S. oil refiner Phillips 66 laid out to boost shareholder

Activist Elliott has accepted Phillips 66's performance goals -CEO Lashier
Business|Finance|US

As shale oil gains slow, deepwater port struggles for customers

As U.S. shale oil boomed last decade, an oil pipeline company pitched an ambitious multi-billion-dollar export port off the Texas coast to ship domestic crude

As shale oil gains slow, deepwater port struggles for customers
Entertainment|News|US

Start me up: The Stones kick off North America tour in Houston

The Rolling Stones kicked off their North America tour at a sold-out venue in Houston on Sunday, with people traveling from various cities to watch one of the

Start me up: The Stones kick off North America tour in Houston
Business|Finance|Stock Markets

Shell earns $1 billion a year from US crude trading, court filing shows

Financial details of Shell's vast oil and gas trading business are some of the company's closest-held secrets.

Shell earns $1 billion a year from US crude trading, court filing shows
Americas|Business|Economy|News

Heavy oil shortage spells higher cost for shippers, road builders

Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic basin,

Heavy oil shortage spells higher cost for shippers, road builders
Business|Economy|Finance|Stock Markets|US

Oil posts weekly loss as interest rate policy spurs fuel demand worries

Oil prices rose about 1% on Friday, but fell for the week on worries that strong U.S. economic data would keep interest rates elevated for a longer period,

Oil posts weekly loss as interest rate policy spurs fuel demand worries
Business|Election|Finance|US

Promising pipelines and fracking, Trump rakes in millions at Texas fundraisers

Republican presidential candidate Donald Trump raised tens of millions of dollars during a fundraising swing through Texas this week, promising he would support

Promising pipelines and fracking, Trump rakes in millions at Texas fundraisers
Business|Economy|Finance|News|Stock Markets|US

ConocoPhillips to buy Marathon Oil in $22.5 billion deal in latest energy merger

Top U.S. independent oil and gas producer ConocoPhillips on Wednesday agreed to buy Marathon Oil for $22.5 billion, the latest in a series of

ConocoPhillips to buy Marathon Oil in $22.5 billion deal in latest energy merger
Business|Economy|Finance|US

Oil rises 1% as Fed rate cut optimism offsets demand fears

Oil prices climbed 1% on Wednesday, rebounding from four-month lows, as hopes of an interest rate cut by the U.S.

Oil rises 1% as Fed rate cut optimism offsets demand fears
Business|Finance|Stock Markets|US

How Devon Energy missed out on the US oil and gas mega-deal wave

U.S. oil and gas producer Devon Energy has lost bids to acquire at least three of its peers in the last 12 months because its shares were spurned as

How Devon Energy missed out on the US oil and gas mega-deal wave
Business|Economy|US

Texas startup hopes 4th time's a charm to build first big US oil refinery since 1977

Element Fuels Holdings, a Dallas-area startup proposing to build the first all-new U.S. oil refinery in nearly 50 years, on Thursday said it was

Texas startup hopes 4th time's a charm to build first big US oil refinery since 1977
Business|Finance|US

A mountain of asset sales loom after oil megamerger era

U.S. oil and gas companies could face an uphill struggle to sell about $27 billion of assets to fund investor payouts over the next few

A mountain of asset sales loom after oil megamerger era
Americas|Business|Economy|Finance

U.S. crude imports touch two-year high despite lukewarm demand

U.S. crude oil imports last month rose to a nearly two-year high as refiners scooped up heavy crudes from Canada and Latin America to process into fuels for

U.S. crude imports touch two-year high despite lukewarm demand
Business|Economy|Finance|US

Oil settles higher on forecasts for strong demand

Oil prices settled slightly higher on Tuesday as the U.S.

Oil settles higher on forecasts for strong demand
Business|Economy|News|US

Trans Mountain oil pipeline just shy of target for first-month loadings

About 20 ships loaded crude oil on Canada's West Coast in the first full month of operation on the newly expanded Trans Mountain pipeline, according to vessel-

Trans Mountain oil pipeline just shy of target for first-month loadings
Business|Economy|US

As oil majors cast shale nets, Texas oilman Sheffield made Pioneer the prized catch

Four years ago, Texas oilman Scott Sheffield saw the oil majors were moving aggressively into the top U.S. shale basin and plotted to make his then-$24 billion

As oil majors cast shale nets, Texas oilman Sheffield made Pioneer the prized catch
Environment|News|US

Largest Texas ports close as Hurricane Beryl nears

The largest ports in Texas closed operations and vessel traffic on Sunday as Hurricane Beryl intensified as it approached the

Largest Texas ports close as Hurricane Beryl nears
Environment|News|US

Texas energy industry assesses damage after Hurricane Beryl batters Gulf coast

The Texas energy industry was evaluating the impact from Hurricane Beryl on Monday after the powerful storm lashed the U.S.

Texas energy industry assesses damage after Hurricane Beryl batters Gulf coast
Business|Environment|US

Oil companies try to restore Texas operations after Storm Beryl

Oil and gas companies in Texas restarted some operations on Tuesday after Hurricane Beryl lashed the state with 80-mph (

Oil companies try to restore Texas operations after Storm Beryl
News|US|World

Texas power outages hinder Hurricane Beryl recovery, delay oil infrastructure restarts

About 1.5 million customers remained without power in Texas on Wednesday, two days after Hurricane Beryl raked the state,

Texas power outages hinder Hurricane Beryl recovery, delay oil infrastructure restarts
Americas|News|US

Nearly a million homes, businesses in Texas still without power after Hurricane Beryl

Nearly a million homes and businesses in Texas remained without power on Friday, five days after Hurricane Beryl made landfall with fierce winds and rain that

Nearly a million homes, businesses in Texas still without power after Hurricane Beryl
Business|News|US

Freeport LNG in Texas to restart one train this week after Hurricane Beryl

Freeport LNG plans to restart one of three liquefied natural gas trains this week at its Texas facility after the company repairs

Freeport LNG in Texas to restart one train this week after Hurricane Beryl

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