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Top News & Analysis Oklahoma

  • ConocoPhillips says that sensors scattered across its well fields helped it halve the time it once took to drill new wells in Eagle Ford shale basin of South Texas. By comparing data from hundreds of sensors, its program automatically adjusts the weight placed on a drill bit and its speed, accelerating the extraction of oil, said Matt Fox, ConocoPhillips'...

  • OKLAHOMA CITY _ Sonic Corp. on Thursday reported fiscal third-quarter net income of $18.8 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share. Six analysts surveyed by Zacks expected $124.3 million.

  • OKLAHOMA CITY— Officials from Oklahoma and more than a dozen other states have sent two letters to California's insurance commissioner, asking that he stop pressing insurance companies to publicly disclose fossil fuel investments and divest from the coal industry, saying it only confuses consumers and unnecessarily brings politics into the insurance...

  • NEW YORK, June 21- U.S. crude oil and gasoline stockpiles fell last week, while distillate inventories rose, the Energy Information Administration said on Wednesday. By 11:24 a.m., U.S. crude futures were down 10 cents at $43.41 a barrel and Brent crude fell 23 cents to $45.79 a barrel. The price gains in the report's immediate aftermath were hard to sustain because...

  • June 21- Tropical Storm Cindy is expected to make landfall on the Gulf Coast near the Texas- Louisiana border on Wednesday, threatening to bring flash floods from Texas to Florida, according to the National Hurricane Center. The storm was moving northwest at nearly 10 miles per hour, and forecasters said they expect this motion to continue and landfall to be made...

  • June 21- Tropical Storm Cindy is likely to hit the Gulf Coast near the Texas- Louisiana border on Wednesday night, threatening to bring flash floods from Texas to Florida, according to the National Hurricane Center. Cindy was projected to produce 6 to 9 inches of rain that could reach up to 12 inches in parts of Louisiana, Mississippi, Alabama and Florida, and cause "...

  • June 20- Communities and oil refining and production facilities from Texas to Florida braced on Tuesday for potential disruptions as Tropical Storm Cindy strengthened over the U.S. On the forecast track, the center of Cindy will approach the coast of southwest Louisiana and southeast Texas late Wednesday, and move inland over southeastern Texas on Thursday,...

  • June 20- Communities and oil refining and production facilities from Texas to Florida braced on Tuesday for potential disruptions as Tropical Storm Cindy meandered over the U.S. It was expected to approach the coast of southwest Louisiana late Wednesday and move inland over western Louisiana and eastern Texas on Thursday. "The winds aren't looking to get...

  • NEW YORK, June 19- Oil prices fell about 1 percent on Monday to a seven-month low as market players saw more signs that rising crude production in the United States, Libya and Nigeria undercut OPEC- led efforts to support the market with output curbs. "We're seeing more tankers used for storage and more crude from West Africa and Europe being offered into the U.S. Gulf...

  • TULSA, Okla.— Plans that included $15.2 million from a larger tax renewal package to bring USA BMX to Tulsa has hit a roadblock. Expo Square CEO Mark Andrus tells the Tulsa World the plan fell through because of contractual requirements to Coca-Cola. Tulsa officials say USA BMX still plans to relocate to Tulsa, but leaders scrambling to find a new site.

  • WASHINGTON— Newly obtained emails underscore just how closely Environmental Protection Agency chief Scott Pruitt coordinated with fossil fuel companies while serving as Oklahoma's state attorney general, a position in which he frequently sued to block federal efforts to curb planet-warming carbon emissions. At the time, Oklahoma was one of more than two...

  • June 14- U.S. crude oil inventories fell last week, but an unexpected build in gasoline stocks and weak demand for the motor fuel offset market optimism over the crude drawdown, the Energy Information Administration said on Wednesday. Gasoline demand over the past four weeks in the United States, the world's top consumer of the motor fuel, was 9.53 million bpd, off...

  • June 14- U.S. crude oil inventories fell last week, but an unexpected build in gasoline stocks and weak demand for the motor fuel offset market optimism over the crude drawdown, the Energy Information Administration said on Wednesday. Gasoline demand over the past four weeks in the United States, the world's top consumer of the motor fuel, was 9.53 million bpd, off...

  • *OPEC says group's production up 336,000 bpd in May. *Saudi Arabia leads OPEC effort to tighten oil markets. NEW YORK, June 13- Oil prices settled higher on Tuesday after OPEC detailed supply cuts around the world, but the cartel also said overall production rose in May, and crude stayed well below $50 a barrel despite the modest recovery.

  • *OPEC says group's production up 336,000 bpd in May. *Saudi Arabia leads OPEC effort to tighten oil markets. NEW YORK, June 13- Oil prices edged higher on Tuesday after OPEC detailed supply cuts around the world, but the cartel also said overall production rose in May, and crude stayed well below $50 a barrel despite the modest recovery.

  • *OPEC says group's production up 336,000 bpd in May. *Saudi Arabia leads OPEC effort to tighten oil markets. LONDON, June 13- Oil prices edged down on Tuesday after OPEC reported an increase in its production for May despite a supply cut agreement and said the oil market was rebalancing more slowly than expected.

  • *Saudi Arabia leads OPEC effort to tighten oil markets. *Not all OPEC members have complied with pledges to cut. Saudi Arabia, the world's top exporter, is leading an effort by the Organization of the Petroleum Exporting Countries, Russia and other producers to cut output by almost 1.8 million barrels per day through March 2018 to prop up prices.

  • NEW YORK, June 12- Oil edged up on Monday on signs of inventory declines in the United States and news that Saudi Arabia will limit volumes of crude to some Asian buyers in July and deepen cuts to the United States. Saudi Arabia, the world's top oil exporter, will cut crude allocations to Asia in July to a total of about 300,000 barrels per day, deeper than in June, sources...

  • NEW YORK, June 12- Oil edged up less than 1 percent on Monday on signs of inventory declines in the United States and news that Saudi Arabia will limit volumes of crude to some Asian buyers in July and deepen cuts to the United States. Saudi Arabia, the world's top oil exporter, will cut crude allocations to Asia in July to a total of about 300,000 barrels per day, deeper...

  • NEW YORK, June 12- Oil rose more than 1 percent on Monday on signs of inventory declines in the United States and news that Saudi Arabia will limit volumes of crude to some Asian buyers in July and deepen cuts to the United States. Saudi Arabia, the world's top oil exporter, will cut crude allocations to Asia in July to a total of about 300,000 barrels per day, deeper than...