Top News & Analysis Oklahoma

  • *Jury out on proposed OPEC oil production cuts. LONDON, Dec 8- Oil rebounded from the week's lows to stabilize above $50 a barrel on Thursday as market watchers focused on a weekend meeting of OPEC and non- OPEC producers that may result in an agreement to cut crude output further. OPEC has agreed to slash production by 1.2 million barrels per day in the first half of...

  • *Jury out on proposed OPEC oil production cuts. Brent crude was up 50 cents at $53.50 a barrel by 1200 GMT. Both benchmarks have fallen more than $2 a barrel from highs reached on Monday when investors bought heavily in the wake of an agreement by the Organization of the Petroleum Exporting Countries and Russia to cut production to reduce a supply glut.

  • *Jury out on proposed OPEC oil production cuts. LONDON, Dec 8- Oil prices steadied around $50 a barrel on Thursday, close to the week's lows, on doubts proposed OPEC production cuts would be sufficient to balance the market, although a weaker dollar supported sentiment. "Optimism over the OPEC cut decision has eroded a bit," said SEB Chief Commodities Analyst Bjarne...

  • *Jury out on proposed OPEC oil production cuts. LONDON, Dec 8- Oil prices steadied around $50 a barrel on Thursday, close to the week's lows, on doubts proposed OPEC production cuts would be sufficient to balance the market, although a weaker dollar supported sentiment. OPEC members and oil producers outside the group will meet again this weekend in Vienna to...

  • WASHINGTON— President-elect Donald Trump confirmed on Thursday that he will nominate Oklahoma Attorney General Scott Pruitt, a global warming skeptic, to lead the Environmental Protection Agency, which he has repeatedly sued and derided for pursuing an "activist agenda." Pruitt, in a statement released by Trump's transition team, said Americans "are tired of...

  • SEOUL/ SINGAPORE, Dec 8- Oil prices erased early gains to trade almost flat in Asian session on Thursday on mixed U.S. crude stocks data and doubts over OPEC's implementation of an output cut, although a weaker dollar aided sentiment. International Brent crude futures were trading up 2 cents at $53.02 a barrel at 0807 GMT. U.S. benchmark West Texas Intermediate...

  • SEOUL/ SINGAPORE, Dec 8- Oil prices gave up some early gains to turn lower in Asian trade on Thursday on mixed U.S. crude stocks data and doubts over OPEC's implementation of an output cut, although a weaker dollar put a floor under prices. International Brent crude futures were trading down 16 cents at $52.84 a barrel at 0659 GMT from their last close.

  • SEOUL/ SINGAPORE, Dec 8- Oil prices edged up in thin trading on Thursday after steep falls in the previous session, supported by a weaker dollar, positive economic data and a drawdown in U.S. crude stocks. International Brent crude futures were trading up 4 cents at $53.04 a barrel at 0345 GMT after closing the previous session down 93 cents. U.S. benchmark West Texas...

  • International Brent crude futures were trading up 18 cents, or 0.34 percent, at $53.18 a barrel at 0116 GMT. But stocks at the Cushing, Oklahoma, delivery hub for U.S. crude futures, increased by a hefty 3.8 million barrels last week, the most since 2009, according to data from the U.S. Energy Information Administration on Wednesday. Oil prices have been supported...

  • WASHINGTON— President-elect Donald Trump is expected to nominate Oklahoma Attorney General Scott Pruitt to lead the Environmental Protection Agency, a source close to Pruitt said Wednesday. Pruitt, a 48- year-old Republican, has been a reliable booster of the fossil fuel industry and an outspoken critic of what he derides as the EPA's "activist agenda."

  • NEW YORK, Dec 7- Oil prices slid on Wednesday on bearish U.S. petroleum inventory data and doubts that production cuts promised by OPEC and Russia would be deep enough to end a supply overhang that has weighed on markets for more than two years. Brent futures fell 93 cents, or 1.7 percent, to settle at $53.00 a barrel, while U.S. crude lost $1.16, or 2.3 percent, to settle at...

  • *Nigeria plans to raise oil output sharply. NEW YORK, Dec 7- Oil prices eased on Wednesday on bearish U.S. petroleum inventory data and doubts that production cuts promised by OPEC and Russia would be deep enough to end a supply overhang that has weighed on markets for more than two years. "The report was bearish despite the overall crude oil drawdown," said John...

  • Dec 7- U.S. crude stockpiles fell last week despite a hefty build at the Cushing, Oklahoma hub while gasoline and distillate inventories rose as refining rates picked up, the U.S. Energy Information Administration said on Wednesday. Crude stocks at the Cushing, Oklahoma, delivery hub for U.S. crude futures, however, jumped by 3.8 million barrels, EIA said.

  • Dec 7- U.S. crude stockpiles fell last week despite a hefty build at the Cushing, Oklahoma hub while gasoline and distillate inventories rose as refining rates picked up, the U.S. Energy Information Administration said on Wednesday. Crude stocks at the Cushing, Oklahoma, delivery hub for U.S. crude futures, however, jumped by 3.8 million barrels, EIA said.

  • *OPEC, Russian oil output at record highs. *Saudi price war could undermine OPEC promise. NEW YORK, Dec 6- Oil prices on Tuesday ended lower for the first time since OPEC agreed on Nov. 30 to cut output, as data showing record high production in the producer group fed skepticism that it would be able to reduce supplies.

  • TULSA, Okla.— A Tulsa woman who gained widespread attention for challenging a clothing retailer that she said had denied her a job for wearing a headscarf has been honored for her social justice advocacy. Samantha Elauf, 26, received the Woody Guthrie Center's second Oklahoma Changing World Prize at a ceremony Sunday night, the Tulsa World reported.

  • PAWNEE, Okla.— The U.S. Geological Survey has recorded five small earthquakes in northern Oklahoma, including a magnitude 3.9 temblor near Pawnee where the state's largest earthquake was recorded in September. The USGS says one quake hit at 9:22 p.m. Sunday, about 9 miles east of Pawnee. A 3.2 magnitude quake was recorded at 11:39 a.m. Monday, nine miles west of...

  • Dec 5- U.S. natural gas producer Chesapeake Energy Corp said it would sell a part of its acreage in the Haynesville Shale area for $450 million to a private company. The company said the asset, which is located in northern Louisiana, includes about 78,000 net acres, 40,000 of which is core acreage. Chesapeake in November said it planned to sell more assets this year,...

  • Nov 30- U.S. crude oil stockpiles fell unexpectedly last week, while distillate inventories rose sharply, the Energy Information Administration's data showed on Wednesday. Crude stocks fell sharply on the U.S. East Coast- the biggest weekly draw since May 2004- to 14 million barrels, their lowest level since July 2015. "Crude inventories have yielded a modest...

  • *OPEC members split over who should cut output and by how much. *OPEC papers propose 1.2 mln bpd cut from Oct levels- source. NEW YORK, Nov 29- Oil slumped by roughly 4 percent on Tuesday as OPEC's leading oil exporters struggled to agree on a deal to cut production to reduce global oversupply and boost prices, with Iran and Iraq at loggerheads with Saudi Arabia a day...