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Arathy Somasekhar

FILE PHOTO: A Hurricane warning sign is pictured in Corpus Christi, Texas, U.S. July 7, 2024. REUTERS/Daniel Becerril/File Photo
InfrastructureNewsUtilitiesWeather

Texas energy industry braces for Beryl as hurricane makes landfall

Hurricane Beryl threatens disruption to energy industry as key ports closed and production sites evacuated.

Oil tanks are pictured at Buckeye Partners' South Texas Gateway oil terminal in Corpus Christi, U.S.,  May 14, 2023. REUTERS/Arathy Somasekhar/File photo
ClimateNewsWeather

Port of Corpus Christi closes as Tropical Storm Beryl approaches Texas

The storm, which at one point intensified to a Category 5 hurricane, left a deadly trail of destruction across the Caribbean.

FILE PHOTO: The Houston Ship Channel, part of the Port of Houston, is seen in Pasadena, Texas, U.S., May 5, 2019.  REUTERS/Loren Elliott/File Photo
BusinessClimateFuelInfrastructureMaritimeNewsOilResiliencyTransmissionWeather

U.S. Coast Guard says Hurricane Beryl may shut oil ports

Port closures could bring to a temporary halt shipments of crude oil to refineries and motor fuels from those plants.

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
BusinessFuelInfrastructureNewsOil

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

Total crude exports from Vancouver were around 350,000 barrels per day.

FILE PHOTO: The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. Picture taken November 24, 2019.  REUTERS/Angus Mordant/File Photo
BusinessFinanceFuelLiquefied Natural GasLiquefied Petroleum GasNatural GasNewsOil

Analysis: A mountain of asset sales loom after oil megamerger era

US oil and gas companies could struggle to sell $27bn assets as wave of energy megamergers nears the end of regulatory reviews

FILE PHOTO: A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. REUTERS/Benoit Tessier/File Photo
EconomyFuelNewsOilPolitics

Oil prices dip as investors fret over demand outlook

By Arathy Somasekhar HOUSTON (Reuters) -Crude oil prices fell 1% on Tuesday as weak U.S. consumer confidence data fed worries about the economic...

FILE PHOTO: Westridge Marine Terminal, the terminus of the Canadian government-owned Trans Mountain pipeline expansion project is seen in Burnaby, from Cates park in North Vancouver, British Columbia, Canada May 1, 2024. REUTERS/Jennifer Gauthier/File Photo
BusinessEconomyNewsOilPoliticsTransmission

Trans Mountain revises heavy crude standards on pipeline after quality concerns

Canadian government-owned oil pipeline operator Trans Mountain last week revised standards for accepting crude oil on its recently expanded system after buyers raised...

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo
BusinessFinanceNewsOil

Oil prices extend rally on potential U.S. crude purchase for reserve

Investors are waiting to see how changing oil prices could hit demand

FILE PHOTO: A pump jack drills oil crude from the Yates Oilfield in West Texas’s Permian Basin, near Iraan, Texas, U.S., March 17, 2023. REUTERS/Bing Guan/File Photo
BusinessEconomyFuelNewsOilPolitics

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, says it is relaunching...

FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015.  REUTERS/Nick Oxford/File Photo
BusinessFinanceFuelLiquefied Natural GasLiquefied Petroleum GasNewsOil

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

US oil and gas producer Devon Energy has lost bids in the last 12 months because its shares were spurned as acquisition currency

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