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Enbridge, Spectra to close on merger next week

The Canadian pipeline company Enbridge said Wednesday that it close its acquisition of Houston-based Spectra Energy next week after clearing all regulatory hurdles. Enbridge said it received approval of Canadian Competition Bureau and will complete the $28 billion merger Monday. The merger was earli ...

Apache Corp. narrows loss

Apache Corp. on Thursday said it narrowed its losses in the fourth quarter, ending a year that was significantly better than 2016 and included a major discovery in West Texas. The Houston exploration and production company said it aggressively cut costs while meeting production targets, shrinking it ...

Royalties, taxes paid by Texas drillers plunged in 2016

By Lydia DePillis Texas’ top oil and gas association said Tuesday that taxes and royalties paid to state and local government fell significantly in the last fiscal year, reflecting the plunge in oil prices and decline in drilling activity during that period. Oil and natural gas producers gener ...

Gas prices fall again; enjoy it while you can

Average gasoline prices in Houston continued their slide, falling another penny over the past week to $2.07 a gallon, according to GasBuddy.com, a website that tracks gas prices and refining activity. Local gas prices are down 6 cents a gallon from a month ago, but up 56 cents from a year ago as cru ...

Gasoline prices fall in Houston area

Gasoline prices fell in the Houston area again as growing inventories temper the rise in oil prices, according to GasBuddy.com, a website that tracks gas prices and refining activity. The average price of gas in Greater Houston fell nearly 2 cents a gallon over the past week, slipping to $2.07 Sunda ...

Valero Energy Partners beats Wall Street expectations

By Rye Druzin, San Antonio Express-News San Antonio-based Valero Energy Partners beat Wall Street expectations with earnings of $60 million, or 77 cents a share, compared with Wall Street expectations of earnings around 70 cents a share. Valero Energy Corp. formed Valero Energy Partners in 2013 as a ...

Petroleum supplies rise, demand slips

Stockpiles of U.S. petroleum products rose significantly last week as demand slipped, the Energy Department reported Wednesay. Commercial crude inventories rose by 2.8 barrels, while gasoline stocks jumped by nearly 7 million barrels.  Inventories of all petroleum products rose by 8.9 million barrel ...

Gasoline prices rise again

Gasoline prices continued to climb in Houston and across the nation, following crude oils rise in commodity markets. Average gasoline prices in the Houston area rose 1.1 cents a gallon this week to $2.13 a gallon, following a 6 cents increase the previous week, according to GasBuddy.com, which track ...

Gas prices in Houston rise again

Average gasoline prices in Houston rose another three cents over the leak, following the steady climb in crude oil prices, according to the website GasBuddy. com, Gasoline averaged $2.05 cents in the Houston area Tuesday, up from $2.02 a week ago, according to GasBuddy, which tracks gas prices and r ...

Crude inventories shrink

U.S. crude oil stockpiles fell for the second consecutive week, adding support to prices that surged on reports that OPEC nations had agreed to cut production. Commercial inventories of crude fell about 900,000 barrels last week, after declining by about 1.3 million barrels the previous week, accord ...

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