Top News & Analysis Oklahoma

  • CAMARILLO, Calif.— The average price of a gallon of regular-grade gasoline fell just over 1 cent nationally during the past two weeks, to $2.36. Gas in San Diego was the highest in the continental United States at an average of $2.82 a gallon Friday. The lowest average was in Tulsa, Oklahoma, at $2.05 a gallon.

  • TULSA, Okla.— A subsidiary of Magellan Midstream Partners will complete $16 million in upgrades to pipelines and pay a $2 million fine as part of a federal settlement following pipeline ruptures in three states. Federal officials said in a statement Thursday that the first incident occurred in February 2011, when a pipeline carrying petroleum ruptured north...

  • OKLAHOMA CITY _ BancFirst Corp. on Thursday reported fourth-quarter net income of $18.6 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share. BancFirst shares have climbed slightly since the beginning of the year.

  • NEW YORK, Jan 19- U.S. crude inventories rose unexpectedly last week as refineries sharply slowed production, while gasoline stocks soared amid weak demand, the Energy Information Administration said on Thursday. U.S. crude and Brent tumbled to session lows of $51.24 and $54.05 per barrel respectively after the data. Refinery runs dropped precipitously amid...

  • WASHINGTON— When President-elect Donald Trump's choice to head the U.S. Environmental Protection Agency first took office as Oklahoma's attorney general, he disbanded the unit responsible for protecting the state's natural resources. He created a whole new unit specifically to fight the EPA, among other things, "said Mark Derichsweiler, who retired last...

  • *Russia oil production to reach record high in 2017- Reuters poll. *Rising U.S. production seen offsetting OPEC cuts- U.S. NEW YORK, Jan 17- Oil prices were little changed on Tuesday as forecasts for record production out of Russia in 2017 helped offset earlier gains related to a decline in the U.S. dollar and Saudi Arabia saying it would adhere to OPEC's commitment to...

  • Snow and ice cover pedestrian sign

    Freezing rain predicted for many parts of the central Plains and mid-Atlantic US this weekend, drivers warned to stay off the roads, USA Today reports.

  • NEW YORK, Jan 11- Oil prices jumped more than 2.5 percent on Wednesday, their biggest daily rise in more than a month, lifted as the U.S. dollar weakened following a news conference by U.S. President-elect Donald Trump and on news that Saudi Arabia cut exports to Asia. Brent futures rose $1.46, or 2.7 percent, at $55.10 a barrel, while U.S.

  • Crude inventories rose 4.1 million barrels in the week to Jan. 6, the U.S. Energy Information Administration said, higher than analyst expectations for a 1.2- million-barrel build. Counter-seasonal strength in refinery runs have boosted product inventories, while stronger imports have bolstered crude stocks, "said Matt Smith, director of commodity research...

  • Crude inventories rose 4.1 million barrels in the week to Jan. 6, the U.S. Energy Information Administration said, higher than analyst expectations for a 1.2 million-barrel build. Counter-seasonal strength in refinery runs have boosted product inventories, while stronger imports have bolstered crude stocks, "said Matt Smith, director of commodity research...

  • Jan 5- U.S. crude oil inventories fell sharply as higher refining runs prompted a surge in gasoline and distillate stocks in the last week of 2016, the Energy Information Administration said on Thursday. "The large crude draw can entirely be explained away by the 7.1 million-barrel draw to Gulf coast inventories, as tax mitigation strategies meant crude...

  • NEW YORK/ SAN FRANCISCO, Dec 30- Wall Street's rally could be derailed by renewed worries about President-elect Donald Trump's policies, a resurgent dollar or potential wild-card events like cyber attacks or a trade war, investors say as they look to 2017.. A day earlier, Trump named Peter Navarro, an economist who has urged a hard line on trade with China, to head a...

  • OPEC, non- OPEC monitoring group meet in Vienna Jan. 21-22. NEW YORK, Dec 29- Oil futures dipped on Thursday after a surprise build in U.S. crude inventories reversed an advance in prices that had boosted the benchmarks to their highest levels since July last year. U.S. crude futures settled 29 cents, or 0.5 percent, lower at $53.77 a barrel while Brent crude fell 8 cents,...

  • *OPEC, non- OPEC monitoring group meet in Vienna Jan. 21-22. U.S. light, sweet crude was down 37 cents at $53.69 by 12:02 p.m. ET while North Sea Brent crude was down 17 cents at $56.05 a barrel. Both crude oil benchmarks have made big gains this month, touching year-to-date highs after OPEC and other producers agreed to curb production in an attempt to balance an...

  • Dec 29- U.S. crude oil stocks unexpectedly rose last week, while gasoline and distillate product inventories dropped, the U.S. Energy Information Administration said on Thursday. U.S. crude oil futures were up 1 cent to $54.08 a barrel at 11:38 a.m. EST, leaving the benchmark just shy of the year high of $54.51 reached on Dec. 12. "What seems to be giving this report...

  • The moves by the Oklahoma Corporation Commission's Oil and Gas Conservation Division and the Oklahoma Geological Survey came as earthquakes in the state have risen sharply since the shale boom and the use of hydraulic fracturing, or fracking. While the guidelines are technically voluntary, the Oklahoma legislature this year gave the Oklahoma Corporation...

  • HOUSTON, Dec 20- Oklahoma is imposing guidelines to reduce the risk of earthquakes caused by hydraulic fracturing in its oil-rich shale formations, the first rules in the state to target the controversial production technique. The guidelines are aimed at the South Central Oklahoma Oil Province and Sooner Trend Anadarko Basin Canadian and Kingfisher...

  • *Libya oil fields reopen, adding to supply. NEW YORK, Dec 20- Oil prices rose on Tuesday, touching a one-week high on expectations of a steep draw in U.S. crude stocks, but edged off gains after Libya announced the reopening of pipelines after a two-year blockade ended recently. Benchmark Brent crude futures were up 40 cents, or 0.7 percent, at $55.32 a barrel at...

  • *Russia may extend output cut if needed- Novak. *Brent to trade at $53- 57 in coming weeks- analyst. LONDON/ NEW YORK, Dec 20- Oil prices rose on Tuesday to a one-week high on expectations of a steep draw in U.S. crude stocks that could indicate the global glut is starting to shrink.

  • Treasuries rise after Ankara, Berlin attacks. NEW YORK, Dec 19- Stocks edged higher worldwide on Monday as Wall Street extended a rally that has pushed U.S. stocks near all-time highs, while the dollar got a boost from Federal Reserve Chair Janet Yellen who sounded optimistic about the U.S. labor market. Deadly attacks late in the trading day in Turkey and Germany...