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  • NEW YORK, March 31- A month ago, it seemed inevitable: a massive global oversupply of crude oil production would overwhelm storage tanks in Oklahoma and fill supertankers off Singapore. Now, there are growing signs that the U.S. oil market can avoid the doomsday scenario in which it runs out of room to stockpile surplus crude, a development that oil traders worried...

  • SEOUL, March 27- U.S. crude futures dipped on Friday on crude stocks extending their record build, but stayed above $51 a barrel and near 2015 highs as air strikes in Yemen by Saudi Arabia and its Gulf Arab allies stoked supply concerns. *Conflict in Yemen risks spilling out into the busy sea lanes that pass it and potentially disrupt the less than 40 km wide waters...

  • TOKYO, March 26- Crude oil prices were steady on Thursday despite Saudi Arabia and its Gulf Arab allies launching a military operation in Yemen, including airstrikes. *U.S. crude for May delivery was down 16 cents at $49.06 a barrel as of 0033 GMT. *Saudi Arabia and its Gulf Arab allies launched a military operation involving air strikes in Yemen against Houthi...

  • WILLISTON, N.D., March 23- Business and community leaders in North Dakota's western oil patch have launched an aggressive campaign to convince more manufacturers to set up shop locally, part of a push to expand the area's economy beyond crude production and slash costs. The company, located on North Dakota's eastern edge, six hours from Williston, currently does...

  • NEW YORK, March 25- U.S. crude inventories soared last week to extend their record build into the eleventh consecutive week as stocks at the Cushing, Oklahoma, delivery hub also hit another peak, data from the Energy Information Administration showed on Wednesday. But the EIA noted in a report released earlier this week that capacity additions at Cushing meant...

  • *China strategic reserves close to capacity- Sinopec exec. Brent crude oil was up 34 cents at $55.45 a barrel by 1453 GMT, but that was well off an earlier high of $56.25. U.S. light crude oil was up 8 cents at $47.59 per barrel, off an earlier high of $48.37.

  • Sonic beats Street 2Q forecasts Tuesday, 24 Mar 2015 | 4:09 PM ET

    OKLAHOMA CITY _ Sonic Corp. on Tuesday reported fiscal second-quarter net income of $7.7 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share. Six analysts surveyed by Zacks expected $124.3 million.

  • A 3- ounce cup of ice cream contaminated with listeriosis was traced to a plant in Broken Arrow, Oklahoma, Blue Bell spokesman Gene Grabowski said. The production line in Broken Arrow that makes the flavors has been stopped, but work continues in other parts of that plant. Francis hospital in Wichita, Kansas, became ill with listeriosis while hospitalized at some...

  • RIYADH, March 24- Stronger-than-expected global oil demand should help support crude prices at around $55- $60 a barrel in the next two months despite some signs of a growing glut in the United States, a senior Gulf OPEC delegate told Reuters on Tuesday. Low oil prices may have encouraged demand to pick up particularly in the United States but also in Asia, the Gulf...

  • When your stock price tumbles faster than the cost for a barrel of oil, it's hard for a company like Chesapeake Energy to give investors something to cheer about. But the Oklahoma City oil and gas provider did just that, when it said late Monday it would cut spending with a barrel of oil trading below $50 and the price for natural gas down 35 percent this year.

  • *China factory activity contracts- HSBC/ Markit. LONDON, March 24- Brent crude oil held below $56 a barrel on Tuesday on signs of slowing growth in China and as Saudi Arabia said its production was close to an all-time high. The Chinese data followed comments from OPEC kingpin Saudi Arabia that it is pumping around 10 million barrels of crude per day, close to an...

  • NEW YORK— Chesapeake Energy cut its capital spending goals on Monday, citing the lower price of oil. Chesapeake Energy Corp. expects to produce 231 million to 236 million barrels of oil equivalent in 2015, down from 235 million to 240 million barrels. Shares of Chesapeake Energy rose 3.7 percent to $14.11 Monday and were unchanged in after-hours trading.

  • WASHINGTON— The small Lego machine inside the White House whirred, and in a moment it was turning the pages of a story book. "We had a brainstorming session," one of the five 6- year-old Girl Scouts replied. The kindergartners and first graders from Tulsa, Oklahoma, were among 35 young science fair winners who came to the White House Monday to showcase breakthroughs...

  • HARPERSFIELD, N.Y.— The 124- mile Constitution Pipeline will likely bring some relief from high natural gas prices to residents of New York City and New England, but it will also bring anguish to some landowners in the wooded hills and valleys in its path. Of 651 landowners in New York and Pennsylvania affected by the $700 million pipeline project, 125 refused to...

  • TULSA, Okla.— American Airlines' massive maintenance base in Tulsa faces some expensive upgrades to keep up with a modernization program that has transformed the carrier's fleet into one of the youngest and most fuel efficient in the industry. The city of Tulsa owns the land and most of the buildings at the maintenance base where American Airlines employs 5,500...

  • Fracking: US tightens rules for chemical disclosure Friday, 20 Mar 2015 | 11:34 AM ET

    WASHINGTON— The Obama administration said Friday it is requiring companies that drill for oil and natural gas on federal lands to disclose chemicals used in hydraulic fracturing, the first major federal regulation of the controversial drilling technique that has sparked an ongoing boom in natural gas production but raised widespread concerns about...

  • Its portfolio includes Better Homes and Gardens, one of the most widely read magazines in the nation, and Allrecipes, the world's largest digital food brand visited online more than 1 billion times a year by home cooks. "They unapologetically and enthusiastically deliver both content and product experiences around that particular woman and they know more...

  • New Source Energy Partners posts 4Q loss Thursday, 19 Mar 2015 | 5:21 PM ET

    OKLAHOMA CITY _ New Source Energy Partners LP on Thursday reported a fourth-quarter loss of $39.4 million, after reporting a profit in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share. New Source Energy Partners shares have decreased 24 percent since the beginning of...

  • SCRANTON, Pa.— The companies backing a 124- mile pipeline designed to ferry cheap Marcellus Shale natural gas to New York and New England can build across seven northeastern Pennsylvania properties whose owners had not agreed to it, a judge ruled. The lead partners in the Constitution Pipeline are Tulsa, Oklahoma- based Williams Partners LP and Houston- based...

  • *Kuwait says OPEC has no choice but to keep output steady. LONDON, March 19- Brent crude oil fell back below $55 a barrel on Thursday after Kuwait said OPEC had no choice but to keep production steady, refocusing the market on global oversupply as the dollar recovered from sharp losses in the previous session. Brent for May delivery was down $1.39 at $54.52 a barrel by...