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U.S. shale producers reveal extent of hit from Texas freeze 3 Min Read (Reuters) - Occidental Petroleum Corp, Diamondback Energy Inc and a host of smaller Permian-focused U.S. shale producers on Monday forecast lower oil output in the first quarter, giving the first indications of the hit to the industry caused by last week’s winter storm. FILE PHOTO: An oil worker walks toward a drill rig after placing ground monitoring equipment in the vicinity of the underground horizontal drill in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant/File Photo Areas of Texas not use...

Russia has increased gas supplies via an alternative transit route to Kazakhstan after an explosion on a gas pipeline in the Orenburg region on Tuesday, the energy ministry said, adding that gas transit further to Ukraine was not affected.

Occidental Petroleum Corp on Monday posted a larger-than-expected fourth-quarter loss despite higher oil and gas prices as an asset sale weighed on results.

Occidental Petroleum Corp, Diamondback Energy Inc and a host of smaller Permian-focused U.S. shale producers on Monday forecast lower oil output in the first quarter, giving the first indications of the hit to the industry caused by last week's winter storm.

Chemicals maker Celanese Corp said on Thursday it is declaring force majeure on deliveries in the Americas and Europe, the Middle East and Asia (EMEA), citing impacts from severe weather conditions in Texas.