Top News & Analysis Oklahoma

  • OKLAHOMA CITY— Duke University has filed a $9.9 million claim against the estate of former Chesapeake Energy Corp. CEO Aubrey McClendon for pledges the Duke alumnus made that the university says were unpaid at the time of his death in a fiery highway crash. Duke's claim is for "multiple charitable pledges" it says the energy magnate made to the school prior to his...

  • *Speculative trading ahead of informal OPEC meet in Sept. *Cushing stocks fall 313,000 bbls in week to Aug. 23- Genscape. Some traders cited bullish data issued by energy monitoring firm Genscape showed a drawdown of more than 313,000 barrels at the Cushing, Oklahoma delivery point for U.S. crude futures during the week to Aug. 23.

  • Crude futures also saw support from players buying on dips and looking for a bottom on speculation that next month's informal meeting between OPEC and other major oil producers could result in production curbs. Brent crude futures were up 45 cents, or 0.9 percent, at $49.50 a barrel by 10:15 a.m. EDT, after settling down 1.8 percent on Wednesday.

  • Midwest Crop Tour scouted impressive crops in central Illinois, following its observation a day earlier of above-average soybean pod counts in Nebraska and Indiana. U.S. soybeans benefit from strong demand, due to production shortfalls in South America, "but we're still going to have a big crop," said Bill Gary, president of Commodity Information Systems in...

  • Aug 24- U.S. crude and gasoline inventories rose unexpectedly last week as refineries cut output, the U.S. Energy Information Administration said on Wednesday, prompting a drop in oil futures. Crude stocks on the U.S. East Coast soared 3.1 million barrels, the biggest build since February 2015. "The report is bearish, especially relative to expectations, led by the...

  • The annual four-day Pro Farmer Midwest Crop Tour late on Tuesday reported above-average soybean pod counts in Nebraska and Indiana. U.S. soybeans benefit from strong demand, due to production shortfalls in South America, "but we're still going to have a big crop," said Bill Gary, president of Commodity Information Systems in Oklahoma City. Most-active November...

  • TULSA, Okla.— Oklahoma prosecutors charge Tulsa man with first-degree murder, hate crime in slaying of Lebanese neighbor.

  • NEW YORK, Aug 22- Keith Meister, who runs hedge fund Corvex Management LP, said on Monday that he planned to nominate candidates to replace pipeline company Williams Cos Inc's entire board. Meister said he had worked unsuccessfully to convince the company to adopt a plan to place a majority of new independent directors on the board by May 2018.

  • *Iraq crude exports to grow by 150,000 bpd this week. On the crude oil front, U.S. drillers added 10 oil rigs in the week to Aug. 19, the eighth straight week of rig additions, as crude rebounded toward the $50- a-barrel mark that makes drilling viable. Elsewhere, Iraq plans this week to increase exports of Kirkuk crude by 150,000 bpd from its northern fields while...

  • In the United States, BP Plc's 413,500 barrel per day refinery in Whiting, Indiana, returned to normal production for the first time since late July, adding to refined products supply. On the crude oil front, U.S. drillers added 10 oil rigs in the week to Aug. 19, the eighth straight week of rig additions, as crude rebounded toward the $50- a-barrel mark that makes...

  • NEW YORK, Aug 22- Oil prices fell more than 2 percent on Monday, retreating from last week's two-month highs, on worries about burgeoning Chinese fuel exports, more Iraqi and Nigerian crude shipments and a rising U.S. oil rig count. U.S. drillers added 10 oil rigs in the week to Aug. 19, the eight straight week of rig additions, as crude rebounded towards the $50 a barrel...

  • Aug 18- Enterprise Products Partners LP approached Williams Companies Inc earlier this summer. about combining their businesses, two of the largest U.S. oil. Merging Williams' natural gas liquids business in the northeastern United States with Enterprise's ATEX pipeline, which runs from that region to Texas, could generate significant revenue and cost...

  • Aug 18- Enterprise Product Partners LP approached Williams Companies Inc earlier this summer. Merging Williams' natural gas liquids business in the northeastern United States with Enterprise's ATEX pipeline, which runs from that region to Texas, could generate significant revenue and cost synergies for Enterprise. Enterprise Product Partners' approach...

  • Enterprise Product Partners' approach came after peer Energy Transfer Equity LP terminated its merger agreement with Williams Cos Inc in June following a prolonged legal battle. A rise in Williams' shares in the past two months means that Enterprise Product Partners' offer currently carries little or no premium, and Williams never made an official response...

  • TULSA, Okla.— An Oklahoma man suspected of fatally shooting a male neighbor was accused of harassing and shouting anti-Muslim slurs at the man's family, who are actually Christians from Lebanon, and of trying to run over the man's mother with his vehicle. Police say Khalid Jabara was killed at his Tulsa home Friday and 61- year-old Stanley Majors is being held...

  • NEW YORK, Aug 15- Oil prices hit five-week highs on Monday, gaining 10 percent or more in a three-day rally as speculation intensified over potential producer action to support prices amid a crude glut. Brent crude settled up $1.38, or 2.9 percent, at $48.35 a barrel. Minutes after the close, it extended gains, reaching $48.46, its highest since July 12.

  • *Russia adds to speculation on producer price support. Brent crude rose $1.08, or 2.3 percent, to $48.05 a barrel by 11:07 a.m. EDT, after rising to $48.10 earlier, its highest since July 7. West Texas Intermediate crude gained $1.06, or 2.4 percent, to $45.55, after rallying earlier to $45.61, a peak since July 21.

  • *OPEC members, nonmembers to discuss price stabilization in Sept. Saudi Energy Minister Khalid al-Falih said OPEC members and nonmembers would discuss the market situation, including any action that may be required to stabilize prices, during an informal meeting on Sept. 26-28 in Algeria. Both benchmarks soared more than 5 percent and Brent futures were up...

  • *OPEC members, non-members to discuss price stabilization in Sept. Saudi Energy Minister Khalid al-Falih said OPEC members and non-members would discuss the market situation, including any action that may be required to stabilize prices, during an informal meeting on Sept. 26-28 in Algeria. The IEA, which advises large developed economies on energy policy,...

  • *Venezuela talks up prospect of OPEC, non- OPEC meeting. *Russia sees no grounds for new talks with OPEC yet. Brent crude for October was up 7 cents at $45.46 a barrel by 1341 GMT, after rising $1.12 on Monday.