Top News & Analysis Oklahoma

  • *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...

  • *Markets cut gains after truck plows into market in Germany. Dec 19- Wall Street extended a recent rally on Monday but finished the session short of earlier highs after several people were killed by a truck driven into a Christmas market in Germany. That rattled U.S. investors already eyeing potential global troubles after the Russian ambassador to Turkey was...

  • *Shooting death of Russian ambassador to Turkey briefly weighs. Major stock indexes trimmed gains after the Russian ambassador to Turkey was shot dead in Ankara. U.S. stocks have been on a tear since the Nov. 8 presidential election, with the S&P rising nearly 6 percent on bets that President-elect Donald Trump's expected deregulation and infrastructure...

  • *OPEC points to larger 2017 surplus unless cuts adopted. *Russia says cuts will be voluntary for each company. Brent crude futures settled at $53.90 per barrel, down $1.82, or 3.27 percent after falling as low as $53.80.

  • *OPEC points to larger 2017 surplus unless cuts adopted. *Russia says cuts will be voluntary for each company. NEW YORK, Dec 14- Oil prices fell about 2 percent on Wednesday on renewed concerns about an oil glut sparked by a jump in crude inventories at a core U.S. storage center and OPEC forecasts of a rising surplus absent output cuts.

  • *OPEC points to larger 2017 surplus unless cuts adopted. *Russia says cuts will be voluntary for each company. NEW YORK, Dec 14- Oil prices fell about 1 percent on Wednesday on renewed concerns about an oil glut sparked by rising U.S. crude inventories in storage and OPEC saying output cuts must be implemented to avoid the prospect of a growing surplus.

  • The unit, whose onshore operations span five states- Colorado, New Mexico, Oklahoma, Texas and Wyoming- and seven oil and gas basins, has average daily net production of about 300,000 barrels of oil equivalent. Denver is a logical- and strategic- place for us to be and a natural fit for our business, " BP Lower 48 Chief Executive David Lawler said. A number of employees from...

  • *OPEC points to larger 2017 surplus unless cuts adopted. NEW YORK/ LONDON, Dec 14- Oil prices fell about 2 percent on Wednesday as glut worries resurfaced after a reported rise in U.S. crude inventories and as OPEC signaled a growing crude surplus next year unless production cuts by the world's top exporters are implemented. "The crude supply surge was led by another...

  • *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...

  • 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...

  • 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.