Top News & Analysis Oklahoma

  • *Cushing, Oklahoma, delivery base, shed 650,000 barrels- Genscape. NEW YORK, Oct 27- Oil settled higher on Thursday, as commitments from Gulf OPEC members to cut production assuaged some lingering doubts in the market about cooperation from other producers. "Another day, another market being pushed and prodded around by OPEC rhetoric," said Matt Smith, director of...

  • *Cushing, Oklahoma, delivery base, shed 650,000 barrels- Genscape. NEW YORK, Oct 27- Oil edged higher on Thursday, lifted by a reported drop in U.S. crude inventories stored at the Cushing, Oklahoma, delivery hub, and as commitments from Gulf OPEC members assuaged lingering doubts in the market about cooperation from other producers. The expectation was that Libya,...

  • Oct 26- Alphabet Inc is halting the rollout of its much-talked about high-speed internet service, Google Fiber, in some cities in the United States. Google had been expanding the service, which promises Internet speeds of up to 1,000 megabits per second, in several cities in the United States. The rollout of Google Fiber will be paused in Chicago, Dallas,...

  • *OPEC members jostle over cuts before Nov. 30 meeting. LONDON, Oct 25- Oil edged up on Tuesday ahead of the release of U.S. crude inventory data, which in recent weeks has provided bullish surprises, but comments by OPEC members regarding chances of an output cut kept a lid on prices. The American Petroleum Institute is due to publish weekly crude stocks estimates at...

  • *Consensus eludes OPEC on quantum of output cut. LONDON, Oct 25- Oil edged up on Tuesday ahead of the release of U.S. crude inventory data, which in recent weeks has provided bullish surprises, but a flurry of top-level comments from OPEC members regarding chances of an output cut kept a lid on prices. The private American Petroleum Institute is due to publish its...

  • *Iraq says it should be exempt from OPEC output curbs. NEW YORK, Oct 24- Oil prices dipped on Monday, with U.S. crude briefly falling below $50 per barrel, on news of the impending restart of Britain's Buzzard oilfield and Iraq's wish to be exempted from OPEC production cuts. Iraq's oil minister Jabar Ali al-Luaibi said the second-largest producer in the...

  • *Iraq says it should be exempt from OPEC output curbs. NEW YORK, Oct 24- Oil prices dipped on Monday, with U.S. crude briefly falling below $50 per barrel, on news of the impending restart of Britain's Buzzard oilfield and Iraq's wish to be exempted from OPEC production cuts. Iraq's oil minister Jabar Ali al-Luaibi said the second-largest producer in the...

  • Oct 24- A leak late on Sunday prompted Enterprise Products Partners to shut its Seaway Crude Pipeline system, the largest conduit for moving oil from the major storage hub in Cushing, Oklahoma to Gulf coast refineries. News of the leak dragged U.S. crude prices lower on Monday on worries that shutting down the 850,000 barrel-per-day Seaway system would bottle up...

  • Oct 24- A leak late on Sunday prompted Enterprise Products Partners to shut its Seaway Crude Pipeline system, the largest conduit for moving oil from the major storage hub in Cushing, Oklahoma to Gulf coast refineries. News of the leak dragged U.S. crude prices lower on Monday on worries that shutting down the 850,000 barrel-per-day Seaway system would bottle up...

  • *Iraq says it should be exempt from OPEC output curbs. NEW YORK, Oct 24- Oil prices fell as much as 2 percent on Monday on news of the impending restart of Britain's Buzzard oilfield, and U.S. crude slid below $50 per barrel, which triggered technical selling. Earlier, oil was pressured by news that Iraq wanted to be exempt from a production cut by the Organization of the...

  • *Iraq says it should be exempt from OPEC output curbs. *Russia says confident of cooperating with OPEC. NEW YORK, Oct 24- Oil prices fell on Monday after Iraq said it wanted to be exempt from an OPEC production cut, though prices drew some support from a rally in Wall Street shares and a draw in crude inventories at the U.S. storage hub of Cushing, Oklahoma.

  • *Genscape reports 1.25 mln bbls draw at Cushing for Oct 18 week. "After the big run, I think it is very reasonable", Kyle Cooper, analyst at ION Energy in Houston, said, referring to the price retreat on profit-taking. The front-month in Brent crude was down $1.29, or 2.4 percent, at $51.38 per barrel by 10:55 a.m. EDT.

  • *Hope for OPEC cut, but oversupply concerns weigh. NEW YORK, Oct 17- Oil prices settled down on Monday, weighed by oversupply concerns, with a spike in trade volume driving U.S prices below $50, but losses were limited amid a projected drop in American shale output. International benchmark Brent crude fell 43 cents, or 0.8 percent, from the last settlement to close at...

  • *Some expect OPEC to act next month to curb output. NEW YORK, Oct 17- Oil prices dropped on Monday, weighed by oversupply concerns, with U.S. crude dropping below $50 as trade volumes spiked ahead of the Oct. 20 expiry date for American futures contracts. The Iranian vice-president's comments on Monday that his country needs to regain its market share added to bearish...

  • NEW YORK, Oct 14- Crude oil prices fell on Friday as a stronger dollar weighed on the market and as traders awaited an industry report that would determine if U.S. oil drillers were ramping up activity with prices holding above $50 a barrel. Brent, the London- trade crude benchmark, was down 40 cents, or 0.8 percent, at $51.63 a barrel by 11:05 a.m. EDT, after rising...

  • Oct 11- Phillips 66 Partners LP said on Tuesday it would buy some pipelines and terminals from parent Phillips 66 for $1.3 billion. The deal, the largest so-called "dropdown" from Phillips 66 to the unit, includes assets supporting Phillips 66' s refineries in Bayway, New Jersey; Billings, Montana; Borger, Texas, and Ponca City, Oklahoma, Phillips 66 Partners LP said.

  • ORLANDO, Fla./ MIAMI, Oct 7- The first major hurricane threatening a direct hit on the United States in more than 10 years lashed Florida on Friday with heavy rains and winds after killing at least 339 people in Haiti on its destructive march north through the Caribbean. The storm downed power lines and trees and destroyed billboards in Cape Canaveral, reported Jeff...

  • NEW YORK, Oct 6- Oil rose more than 1 percent to four-month highs on Thursday, spurred by another informal OPEC meeting on output cuts and plunging U.S. crude inventories, with some saying the market has overshot itself with a near 15- percent gain in seven sessions. Saudi, Iranian and Iraqi energy ministers will be among key OPEC representatives to meet non- OPEC...

  • NEW YORK, Oct 6- Oil rose more than 1 percent to four-month highs on Thursday, spurred by another informal OPEC meeting on output cuts and plunging U.S. crude inventories, with some saying the market has overshot itself with a 15- percent gain in seven sessions. Saudi, Iranian and Iraqi energy ministers will be among key OPEC representatives to meet non- OPEC member...

  • NEW YORK, Oct 6- Oil rose about 1 percent, hitting four-month highs on Thursday, underpinned by news of another informal OPEC meeting on output cuts and surprise drop in U.S. crude stocks, though trading was choppy after a price gain of 15 percent in seven sessions. Saudi, Iranian and Iraqi energy ministers will be among key OPEC representatives to meet non- OPEC...