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Collin Eaton

New pipelines drain West Texas crude stocks to four-month low

22 Feb 2019

HOUSTON Crude inventories in West Texas dropped this week to the lowest in four months after a converted pipeline began transporting crude from the nation's biggest shale oil field to the U.S. Gulf Coast, data from market intelligence provider Genscape showed.

New pipelines drain West Texas crude stocks to four-month low

22 Feb 2019

HOUSTON, Feb 22 Crude inventories in West Texas dropped this week to the lowest in four months after a converted pipeline began transporting crude from the nation's biggest shale oil field to the U.S. Gulf Coast, data from market intelligence provider Genscape showed.

Oil settles 1 percent higher on hopes of market rebalance, trade deal

20 Feb 2019

HOUSTON Crude prices rose more than 1 percent on Wednesday to their highest level this year on hopes that oil markets will balance later this year, helped by output cuts from top producers as well as U.S. sanctions on OPEC members Iran and Venezuela.

U.S. shale executives predict oil production constraints to remain

15 Feb 2019

HOUSTON Drilling curbs by oil producers in the largest U.S. shale field will continue until transport bottlenecks ease and investors stop punishing companies for increasing capital spending, executives at an energy conference said on Thursday.

Pioneer Natural to cut spending, slow output growth in 2019

14 Feb 2019

Pioneer Natural Resources Co, one of the largest U.S. shale producers, plans to slow its production growth and spending in 2019, Chief Executive Timothy Dove said on Thursday, even as U.S. output has hit all-time highs.

Venezuela turns to India for oil exports as U.S. sanctions bite

13 Feb 2019

HOUSTON/MEXICO CITY/MOSCOW Venezuelan oil company PDVSA is looking to double exports to India as U.S. sanctions hobble deliveries to the United States and Europe.

CORRECTED-Venezuela turns to India as sanctions cut oil flow to U.S., Europe

13 Feb 2019

HOUSTON/MEXICO CITY/MOSCOW, Feb 12 Venezuela's oil exports have tapered off and shifted toward India since new U.S. sanctions began Jan. 28 as state-run oil company PDVSA seeks to replace deliveries to the United States and Europe that were disrupted by payment restrictions.

Latin American oil prices, flows to U.S. jump amid PDVSA restrictions

08 Feb 2019

HOUSTON/MEXICO CITY Latin American crude prices and flows to the United States have climbed this week as U.S. refiners tap lesser-used grades and suppliers to replace Venezuelan oil lost due to U.S. sanctions, according to trade sources and Refinitiv Eikon data.

Armada of tankers with Venezuelan oil forms in U.S. Gulf: sources, data

04 Feb 2019

HOUSTON/MEXICO CITY A flotilla loaded with about 7 million barrels of Venezuelan oil has formed in the Gulf of Mexico, some holding cargoes bought ahead of the latest U.S. sanctions on Venezuela and others whose buyers are weighing who to pay, according to traders, shippers and Refinitiv Eikon data.

UPDATE 1-Armada of tankers with Venezuelan oil forms in U.S. Gulf -sources, data

04 Feb 2019

HOUSTON/MEXICO CITY, Feb 4 A flotilla loaded with about 7 million barrels of Venezuelan oil has formed in the Gulf of Mexico, some holding cargoes bought ahead of the latest U.S. sanctions on Venezuela and others whose buyers are weighing who to pay, according to traders, shippers and Refinitiv Eikon data.

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