The Los Angeles Post
U.S. World Business Lifestyle
Today: March 25, 2025
Today: March 25, 2025
Arathy Somasekhar

Arathy Somasekhar

Staff Writer

Latest From Arathy Somasekhar

Business|Economy|Finance

Oil prices decline over 1% on Chinese demand jitters

Oil prices settled more than 1% lower on Tuesday, the third straight day of losses, on worries of a slowing Chinese economy crimping demand, though declines

Oil prices decline over 1% on Chinese demand jitters
Business|News|US

Texas restaurants sue utility CenterPoint over response to Hurricane Beryl

Restaurants in and around Houston on Monday filed a class action seeking more than $100 million from U.S. power provider CenterPoint Energy, alleging

Texas restaurants sue utility CenterPoint over response to Hurricane Beryl
Business|Economy|News|US

Oil prices steady as US rate-cut hopes contend with economic slowdown signals

Oil prices steadied on Thursday as investors wrestled with mixed signals about crude demand, with concerns about an economic slowdown in the U.S. contending with

Oil prices steady as US rate-cut hopes contend with economic slowdown signals
Americas|Asia|Business|Economy|Finance

India's Reliance in crude-for-naphtha swap deal with Venezuela, sources say

India's Reliance Industries plans to use naptha supplies as partial payment for crude purchases from Venezuela after the refiner

Business|Economy|Finance|US

Oil posts 3% weekly gains on positive economic data, rate cut hopes

Oil prices settled higher on Friday and notched over 3.5% in weekly gains as positive economic data and signals from Fed policymakers that they could cut

Business|Economy|Finance|US

US shale companies produce more crude using fewer rigs

Greater operating efficiencies in the top U.S. shale patch are squeezing out more oil without higher spending, according to the latest output numbers, which

Economy|Finance|MidEast|News|US|World

Oil prices settle 1% lower after surprise rise in US crude stockpiles

Oil prices settled 1% lower on Wednesday after U.S. crude inventories rose unexpectedly and as worries eased slightly that a wider Middle East conflict could

Business|Finance|US

Autry Stephens, Texas oil billionaire and wildcatter, dies at 86

Autry Stephens, the billionaire founder and chairman of Endeavor Energy Resources, has died aged 86, the company disclosed on Friday, after a prolonged battle

Business|Economy|News|US

Oil pipeline capacity to spare Canadian exports from looming rail dispute

A looming labor dispute at Canada's two main railroads is unlikely to significantly reduce oil exports to the United States due to excess capacity on Trans

Oil pipeline capacity to spare Canadian exports from looming rail dispute
Business|Economy|US

US oil export gains slow as output, global demand turn tepid

U.S. crude oil export gains should plateau in 2024 after years of strong growth, with domestic output expected to increase by the smallest amount since the

US oil export gains slow as output, global demand turn tepid
Business|US

Shell to shut-in portions of Louisiana Zydeco oil pipeline for maintenance

Oil major Shell on Monday said it plans to shut-in different portions of its Zydeco pipeline system for maintenance for three to four days starting Sept 24,

Shell to shut-in portions of Louisiana Zydeco oil pipeline for maintenance
Economy|Finance|News|World

Oil slumps about 5% as end to Libyan dispute in sight

Oil prices settled nearly 5% down on Tuesday at their lowest levels in nearly nine months on signs of a deal to resolve a dispute that has halted Libyan crude

Oil slumps about 5% as end to Libyan dispute in sight
Business|Economy|Finance|US

Trans Mountain oil pipeline expansion pushes rivals to cut rates, for now

(This Sept 3 story has been refiled to clarify that the tariff cuts cover shipments to U.S.

Trans Mountain oil pipeline expansion pushes rivals to cut rates, for now
Business|Economy|Finance|News|Stock Markets

Oil settles lower on weak euro zone business activity

Oil prices closed lower on Monday as worries about demand were compounded by disappointing euro zone business activity and a weak Chinese economy. 

Oil settles lower on weak euro zone business activity
Business|Economy|Finance|US

US Gulf Coast oil prices to take center stage as exports dominate

Rising U.S. crude oil exports are boosting the prominence of Gulf Coast price benchmarks and buoying trading volumes on Houston contracts, eroding the

US Gulf Coast oil prices to take center stage as exports dominate
Business|US

New Permian oil pipelines unlikely to be built, say top operators

Top executives of two U.S. energy pipeline operators on Thursday ruled out building new crude oil lines to move volumes out of the Permian shale field in West

New Permian oil pipelines unlikely to be built, say top operators
Economy|Finance|US|World

Oil prices settle down on report of talks to end Lebanon war

Oil prices closed slightly lower on Tuesday, adding to a more than 6% drop in the previous session, on a report that Israeli Prime Minister Benjamin Netanyahu

Oil prices settle down on report of talks to end Lebanon war
Business|Economy|Finance|Stock Markets

Oil jumps nearly 3% after OPEC+ delays output hike, US election in focus

Oil prices climbed nearly 3% on Monday on OPEC+'s decision for a month's delay in plans to increase output, while investors also focused on the U.S. presidential

Oil jumps nearly 3% after OPEC+ delays output hike, US election in focus
Business|Economy|Finance

Oil settles slightly higher, investors focus on steep draw in fuel stocks

Oil prices closed slightly higher in choppy trading on Thursday, as a steep draw in U.S. fuel stocks outweighed oversupply concerns and demand worries stemming

Oil settles slightly higher, investors focus on steep draw in fuel stocks
US

US energy draws up a wish list for new Trump administration

With U.S.

US energy draws up a wish list for new Trump administration
Economy|World

Oil rises 2% on supply worries as Russia-Ukraine war escalates

Oil climbed nearly 2% on Thursday as tensions between Russia and Ukraine were rapidly rising as the countries launched missiles at each other, worrying markets

Oil rises 2% on supply worries as Russia-Ukraine war escalates
Americas|Business|Economy|US

Peru's niche Bretaña crude oil gains popularity in US

Peru's niche Bretaña crude oil is gaining popularity in the United States, with the first cargo discharging in the U.S.

Peru's niche Bretaña crude oil gains popularity in US
Americas|Asia|Business|Economy|MidEast|World

Global crude exports dip as trade routes reshuffle again

The volume of global crude exports in 2024 declined 2%, the first fall since the COVID-19 pandemic, shipping data showed, due to weak demand growth and as

Global crude exports dip as trade routes reshuffle again
Asia|Business|Economy|Finance|Stock Markets

Oil heads for weekly gains on colder weather, Chinese policy support

Oil prices edged higher on Friday and were on track for weekly gains as cold weather in Europe and the U.S. as well as additional economic stimulus flagged by

Oil heads for weekly gains on colder weather, Chinese policy support
Crime|Political|US|World

Texas man who backed Islamic State acted alone in New Orleans attack, FBI says

A U.S.

Texas man who backed Islamic State acted alone in New Orleans attack, FBI says

Follow