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Arathy Somasekhar

FILE PHOTO: A pump jack drills oil crude from the Yates Oilfield in West Texas’s Permian Basin, as a 1.5MW GE wind turbine from the Desert Sky Wind Farm is seen in the distance, near Iraan, Texas, U.S., March 17, 2023. REUTERS/Bing Guan/File Photo
ClimateEnvironmentFuelNewsOil

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 numbers.

FILE PHOTO: The logo of Reliance Industries is pictured in a stall at the Vibrant Gujarat Global Trade Show at Gandhinagar, India, January 17, 2019. REUTERS/Amit Dave/File Photo
BusinessFuelLiquefied Petroleum GasNewsOilTrade

India’s Reliance in crude-for-naphtha swap deal with Venezuela: sources

Reliance Industries plans to use naphtha as partial payment for Venezuelan crude, resuming trade after U.S. approval.

FILE PHOTO: The Trans Mountain Burnaby Terminal tank farm is seen as the Canadian government-owned Trans Mountain pipeline expansion project became operational in Burnaby, British Columbia, Canada May 1, 2024.   REUTERS/Jennifer Gauthier/File Photo
BusinessFuelInfrastructureNewsOilTransmission

Trans Mountain pipeline loads 19 Aframax vessels in July, slightly below June levels

Canada's Trans Mountain pipeline loaded 19 Aframax ships in July, exporting about 330,000 bpd, slightly lower than June.

A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. REUTERS/Benoit Tessier/file photo
BusinessEconomyFinanceFuelNewsOilPoliticsTrade

Oil prices edge up off six-week lows

Oil prices edged higher on Wednesday but were still close to their lowest level in six weeks with few signs of a fuel...

FILE PHOTO: A drone view of three berths able to load vessels with oil is seen after their construction at Westridge Marine Terminal, the terminus of the Canadian government-owned Trans Mountain pipeline expansion project in Burnaby, British Columbia, Canada, April 26, 2024. REUTERS/Chris Helgren/File Photo
FuelInfrastructureNewsOilTransmission

Canadian crude exports from US Gulf Coast fall only slightly despite TMX startup

About 150,000 barrels per day (bpd) of Canadian crude were exported from the U.S. Gulf Coast in June, shipping tracking data showed.

FILE PHOTO: A tanker truck used to haul oil products operates at an oil facility near Brooks, Alberta, Canada April 18, 2018. Picture taken April 18, 2018. REUTERS/Todd Korol/File Photo
BusinessFuelInfrastructureNewsOilPoliticsTradeTransmission

US imports of Canadian crude hits record high following TMX startup

US imports of crude oil from Canada rose last week to its highest on record, data from the Energy Information Administration showed

FILE PHOTO: An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS/File Photo
BusinessEconomyFinanceNewsOilPoliticsTrade

Oil prices tick down on worries about Chinese demand

The market is eyeing the slower Chinese economy and whether the US Federal Reserve is set to cut interest rates.

FILE PHOTO: Marguerite Thomas lights candles at dusk after losing electricity due to Hurricane Beryl in Surfside Beach, Texas, U.S., July 9, 2024.  REUTERS/Adrees Latif/File Photo
NewsUtilitiesWeather

Over 1 million in Texas without power, Freeport LNG restart pending after Beryl

Customers of CenterPoint Energy struggling to get back power as Texas bakes in the aftermath of Hurricane Beryl.

A drone view shows rain clouds approaching a damaged residence in the aftermath of Hurricane Beryl in Surfside Beach, Texas, U.S., July 9, 2024.  REUTERS/Adrees Latif
InfrastructureNewsOilResiliencyWeather

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

Critical oil infrastructure in Texas has yet to be restored after state battered by Hurricane Beryl.

People walk in the Houston's southwestern neighborhood as they remove fallen tree branches and debris after Hurricane Beryl, in Houston, Texas, U.S., July 8, 2024. REUTERS/Marianna Parraga
BusinessNewsOilResiliencyWeather

Oil companies in Texas try to restore operations following storm Beryl

Oil and gas companies in Texas are making efforts to restart operations after Hurricane Beryl lashed the state with 80-mph winds.

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