GO
Loading...

Enter multiple symbols separated by commas

Oklahoma

More

  • Feb 25- Chesapeake Energy Corp on Wednesday said it would slash its 2015 spending and rig count in response to low crude oil prices that also pushed its fourth-quarter profit below Wall Street expectations. Chesapeake forecast total capital expenditures of $4 billion to $4.5 billion this year, down from $6.7 billion in 2014.. Analysts at CapitalOne...

  • Prices faltered after being lifted by news the Sarir and the nearby oilfields in Libya were shut by a power cut, dealing another blow to exports from the embattled OPEC member nation. "The supply dynamic will be reinforced by the inventory reports and the data are simply too compelling to ignore, and it has consistently undermined the recent rallies," said John...

  • UPDATE 8-Oil lifted after Libya's largest field shuts Tuesday, 24 Feb 2015 | 12:42 PM ET

    NEW YORK, Feb 24- Crude oil futures rose on Tuesday on news that production had stopped at Libya's largest oilfield. The Sarir and the nearby Messla oilfields in Libya were shut because of a power cut, dealing another blow to exports from the embattled OPEC member nation. Brent April crude was up 52 cents at $59.42 a barrel at 12:24 p.m. EST.

  • NEW YORK, Feb 23- Crude oil futures were lower on Monday as investors worried about oversupply and a strong dollar, but heating oil jumped about 6 percent for a second straight day due operational problems at major U.S. refineries. "It's a worry of high supplies with crude and tight supplies with heating oil," said Gene McGillian, senior analyst at Tradition Energy in...

  • NEW YORK, Feb 23- Oil prices were down on Monday on worries of oversupply and a strong dollar, but bets the market had hit bottom after a seven-month selloff limited the downside, traders said. The largest U.S. refinery strike in 35 years, involving workers at 12 refineries that account for one-fifth of the national production capacity, has also been a negative for...

  • CHICAGO, Feb 20- Slumping demand for meat on the U.S. Friday's USDA report showed January pork inventories totaled 596.5 million pounds, up 18 percent from December, partly due to increased production. Ron Plain, a University of Missouri livestock economist, attributed the bulge in cold storage to the inability to move meat off the West Coast.

  • *Output from Saudi Arabia may also be rising- PIRA. LONDON, Feb 19- Brent crude oil prices fell below $59 a barrel on Thursday after U.S. government data showed crude stocks hit a record high last week. Benchmark Brent crude futures for April were down $1.83 at $58.70 by 1618 GMT, having hit an intraday low of $57.80 earlier in the session, extending declines from...

  • Boeing wins $403 mln upgrade deal for Japan govt Friday, 13 Feb 2015 | 7:09 PM ET

    WASHINGTON, Feb 13- Boeing Co has won a contract valued at $403 million to upgrade four 767- based airborne warning and control aircraft for the government of Japan, the Pentagon said in its daily list of major contract awards on Friday. The contract is a modification of an earlier award, and includes upgrades of four E-767 Japan Airborne Warning and Control...

  • NEW YORK, Feb 12- Crude oil futures climbed on Thursday, arresting a two-session losing streak, as industry spending cuts and a weaker dollar spurred buying. "Shell's CEO had a more bullish take on supply and demand and the weaker dollar also helped support crude," said Phil Flynn, analyst at Price Futures Group in Chicago. With the front-month March crude contract...

  • NEW YORK, Feb 12- Crude oil stockpiles at the Cushing, Oklahoma, delivery point rose by a record 3.2 million barrels since last Friday, according to oil services firm Genscape on Thursday, curbing U.S. crude oil futures' gains. By 11:28 a.m., prices were up just over 3 percent at $50.34 per barrel, having recouped some of the ground lost in the immediate aftermath of the...

  • LONDON, Feb 12- "Excessive oil and gas loan concentrations have been a key factor in the failure of some banks during periods of steep price declines," the Office of the Comptroller of the Currency notes with bureaucratic understatement in its handbook for U.S. bank examiners. The agency supervised the infamous Penn Square Bank in Oklahoma City, which was declared...

  • UPDATE 8-Oil falls towards $54 on record-high U.S. stocks Wednesday, 11 Feb 2015 | 10:56 AM ET

    LONDON, Feb 11- Oil fell more than $2 on Wednesday towards $54 a barrel after U.S. crude stock piles hit record highs. U.S. commercial crude oil stock piles rose by 4.9 million barrels last week to 417.93 million barrels, their highest since records began in 1982, the government-run Energy Information Administration reported on Wednesday. Brent crude futures...

  • ZUEHL, Texas, Feb 6- Texas rancher Jim Rackley would like to add more cattle to his herd of about 50 to take advantage of sizzling beef prices and growing demand from health-conscious consumers for his grass-fed beef. But the prospect of cloudless skies keeps him cautious. "Every time we think we're coming out of the drought, we get hit again,' said Rackley, a former high...

  • *Libya violence, Nigeria tanker attack raise supply worries. NEW YORK, Feb 5- Crude prices closed up more than 4 percent on Thursday as rising violence in producer Libya and an expected boost in oil demand from China's central bank easing helped the market rebound from a sharp rout in the previous session. "It is just a changing market sentiment as more and more...

  • *Libya violence, Nigeria tanker attack raise supply worries. NEW YORK, Feb 5- Crude prices closed up more than 4 percent on Thursday as rising violence in producer Libya and an expected boost in oil demand from China's central bank easing helped the market rebound from a sharp rout in the previous session. "It is just a changing market sentiment as more and more...

  • *China cuts bank reserve requirement to spur growth. NEW YORK, Feb 5- Oil was up about 6 percent on Thursday as rising violence in producing country Libya and an expected boost in oil demand from a central bank easing in China helped crude rebound from one of its sharpest daily routs ever in the previous session. "It is just a changing market sentiment as more and more...

  • *China cuts bank reserve requirement to spur growth. NEW YORK, Feb 5- Oil prices jumped about 5 percent on Thursday as falling output and rising violence in Libya, along with central bank easing in China, helped crude rebound from one of its sharpest daily routs ever in the previous session. "We're in something of a trading range, and we're going to get these sort of...

  • Lower gas prices no windfall for these retailers Wednesday, 4 Feb 2015 | 3:02 PM ET
    A customer checks out at a Best Buy in Peoria, Ill.

    As oil prices fall, it becomes harder for energy companies to maintain profitability.

  • LONDON, Feb 4- Brent extended losses to fall below $56 a barrel on Wednesday, reversing a four session rally after U.S. crude inventories jumped to a record high, shifting the global glut back in to focus. The U.S. Energy Information Administration said U.S. crude stocks rose by 6.3 million barrels last week to 413.06 million barrels, the highest level since records...

  • SINGAPORE, Feb 3- U.S. crude futures held above $50 a barrel on Tuesday morning following sharp gains in the previous two sessions, with some investors betting that the bottom of a six-month rout has been reached. *U.S. crude futures gained 46 cents to $50.03 a barrel as of 0017 GMT. *Brent crude settled up $1.76, or 3.3 percent, at $54.75 a barrel, swinging between a...