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  • OPEC announced last November it would keep output steady at 30 million barrels a day, despite pleas from some members for it to cut output to support prices and revenues. Stuart Glickman, an equity analyst at S&P Capital IQ, said there was no indication OPEC would cut production soon. "It's a calculated bet that the shale producers in the U.S. can't withstand the pain...

  • *Partial shutdown of Indiana refinery pressures US crude. NEW YORK, Jan 23- Brent crude rose on Friday on uncertainty over Saudi oil output following the death of King Abdullah, while U.S. crude prices fell, with traders citing a reported build at the Cushing, Oklahoma storage hub and the partial shutdown of an Indiana refinery. Still, the transition should be...

  • BancFirst beats Street 4Q forecasts Thursday, 22 Jan 2015 | 5:15 PM ET

    OKLAHOMA CITY _ BancFirst Corp. on Thursday reported fourth-quarter net income of $15.7 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share. BancFirst shares have dropped 6 percent since the beginning of the year.

  • *Yemeni President Abd-Rabbu Mansour Hadi resigns. NEW YORK, Jan 22- Crude oil prices pared early losses but still settled lower on Thursday after a government report showed the biggest build in U.S. crude inventory in at least 14 years. "The magnitude of the build in crude came as a surprise," said Andrew Lipow, president of Lipow Oil Associates.

  • *ECB to buy 60 billion euros of government bonds each month. NEW YORK, Jan 22- Crude oil futures tumbled on Thursday after the Energy Information Administration announced the largest build in U.S. crude stocks in at least 14 years. U.S. crude fell more than 3 percent after the announcement, tumbling $1.54 to trade at $46.24 by 11:57 a.m. EST.

  • LONDON, Jan 22- Brent crude oil fell towards $48 a barrel on Thursday after the European Central Bank said it would start buying government bonds, a move which could push the dollar to new highs against the euro and put downward pressure on commodities. Exceeding market expectations, ECB President Mario Draghi said the bank would buy 60 billion euros of...

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.

  • HOUSTON, Jan 21- Leading U.S. pipeline Kinder Morgan Inc said on Wednesday it will enter North Dakota's Bakken shale with a $3 billion acquisition of Hiland Partners, a pipeline and logistics company founded by Continental Resources Chief Executive Officer Harold Hamm. "The Bakken is the one producing basin in which Kinder Morgan doesn't have a large presence,"...

  • HOUSTON, Jan 21- Leading pipeline company Kinder Morgan Inc will buy Hiland Partners, a pipeline and logistics company founded by Continental Resources Inc Chief Executive Officer Harold Hamm, for $3 billion, the company said on Wednesday. Hiland Partners builds and operates oil gathering and transportation pipelines and natural gas gathering and...

  • Kinder Morgan to buy Hiland Partners for $3 billion Wednesday, 21 Jan 2015 | 4:31 PM ET

    HOUSTON, Jan 21- Kinder Morgan Inc will buy Hiland Partners, a pipeline and logistics company founded by Continental Resources Inc Chief Executive Officer Harold Hamm, for $3 billion, the company said on Wednesday. Hiland Partners builds and operates oil gathering and transportation pipelines and natural gas gathering and processing systems primarily in...

  • NYMEX-Crude remains below $47/bbl on demand worries Tuesday, 20 Jan 2015 | 6:57 PM ET

    TOKYO, Jan 21- U.S. crude futures edged up on Wednesday following steep losses a day earlier but remained below $47 a barrel amid worries over ample supplies and sluggish demand after the International Monetary Fund cut its 2015 global economic forecast. *NYMEX crude for new front-month March delivery was up 23 cents at $46.70 a barrel by 2345 GMT.

  • Southwest Bancorp beats Street 4Q forecasts Tuesday, 20 Jan 2015 | 5:24 PM ET

    STILLWATER, Okla. _ Southwest Bancorp Inc. on Tuesday reported fourth-quarter net income of $5.9 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share. Southwest Bancorp shares have decreased nearly 8 percent since the beginning of the year.

  • WASHINGTON— Republicans running Congress have promised to use every weapon in their arsenal to take down President Barack Obama's health care law. It's the only filibuster-proof option available to Republicans, who control the Senate with 54 seats but must still muster 60 votes to pass other legislation. Ted Cruz, R- Texas, told a Heritage Foundation gathering...

  • Apache Corp., Baker Hughes and Schlumberger have begun laying off employees in response to the oil price crash in the past six months, The Tulsa World reported Saturday. Apache's job cuts will likely impact several hundred employees of the Houston- based oil and gas producer, which is one of the nation's bigger independent firms. But she would not specify how many...

  • Enbridge Inc's Illinois- to-Oklahoma Flanagan South line, coupled with Enterprise Products Partners' Oklahoma-to-Texas Seaway Twin line, are delivering their first large-volume shipments to the biggest refinery market in the United States, most of which is built to handle viscous oil like that produced in Canada. "We are connected all the way from Canada to...

  • Jan 15- Brent oil prices will tumble $31 per barrel by the end of the first quarter as global petroleum inventories continue to build, Bank of America Merrill Lynch analysts forecast on Thursday. A fall to $31 per barrel would see Brent hit levels not seen since April 2004. BofA lowered its average 2015 Brent price forecast to $52 per barrel from $77 and its WTI price...

  • NYMEX-US crude rises above $49 after best day since 2012 Wednesday, 14 Jan 2015 | 7:22 PM ET

    SINGAPORE, Jan 15- U.S. crude rose for a second session on Thursday after surging nearly 6 percent in the previous session in its biggest gain since June 2012 as traders with expiring options bought back futures. *U.S. crude for February delivery was up 43 cents at $48.91 a barrel by 0005 GMT, after briefly hitting a session high of $49.59. *Exchange operator Nasdaq OMX...

  • *World Bank lowers global growth forecasts for 2015, 2016. "velocity of the downward trend that we've been in, you can expect to see violent snapbacks," said Tariq Zahir of Tyche Capital. Even so, there were growing signs that low prices were finally beginning to slow the unrelenting growth in U.S. oil production, a key factor for markets as OPEC powerhouse Saudi...

  • UPDATE 9-Oil futures mark rare spike as options expire Wednesday, 14 Jan 2015 | 3:50 PM ET

    *World Bank lowers global growth forecasts for 2015, 2016. Brent crude rose $2.10, or 4.5 percent, to settle at $48.69 a barrel, in its strongest daily percentage gain since June 2012. U.S. crude oil settled at $48.48 up $2.59, or 5.6 percent, the biggest gain since August 2012.

  • *World Bank lowers global growth forecasts for 2015, 2016. NEW YORK, Jan 14- Oil futures spiked in late trade on Wednesday, marking the strongest daily gain in more than two years on short covering ahead of options expiration. Brent crude rose $2.10 to settle at $46.38 a barrel.