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Top News & Analysis Oklahoma

  • *OPEC sources say group leaning towards extending cuts. NEW YORK, March 21- Oil prices on Tuesday fell close to its lowest in a week as the market discounted the latest talk by OPEC that it would extend output cuts beyond June. Sources within the Organization of the Petroleum Exporting Countries have indicated that its members increasingly favor extended...

  • *OPEC sources say group leaning towards extending cuts. LONDON, March 21- Oil prices edged higher on Tuesday, helped by expectations that OPEC- led output cuts would be extended beyond June, though gains were capped by persistently high crude inventories. The Organization of the Petroleum Exporting Countries and some non- OPEC producers agreed to curb...

  • LONDON, March 21- Oil prices rose on Tuesday, helped by expectations that an OPEC- led output cut would be extended beyond June but gains were pegged back by concerns about persistently high crude inventories. The Organization of the Petroleum Exporting Countries and some non- OPEC producers agreed to curb production from Jan. 1 by 1.8 million barrels per day for...

  • LONDON, March 21- Oil prices climbed on Tuesday, helped by expectations that an OPEC- led output cut would be extended beyond June but gains were pegged back by concerns about persistently high crude inventories. The Organization of the Petroleum Exporting Countries and some non- OPEC producers agreed to cut production from Jan. 1 by 1.8 million barrels per day...

  • TWO SUBSIDIARIES OF WALT DISNEY CO HAVE AGREED TO PROVIDE $3.8 MLN IN BACK WAGES- U.S.

  • NEW YORK, March 16- Oil prices slipped on Thursday, as support from a weaker dollar was offset by U.S. crude inventories near record high levels that again raised concerns whether OPEC- led output cuts were starting to drain a global glut. The Organization of the Petroleum Exporting Countries and some non- OPEC producers cut production from Jan. 1 to reduce record...

  • NEW YORK, March 16- Oil prices slipped on Thursday, as support from a weaker dollar was offset by a stubbornly high level of U.S. inventories near record levels that suggested OPEC- led output cuts were starting to drain supplies. The Organization of the Petroleum Exporting Countries and some non- OPEC producers cut production from Jan. 1 to reduce record stocks of...

  • March 10- Wildfires devastated a Smithfield Foods Inc hog farm in Laverne, Oklahoma, killing at least several thousand pigs, company and local officials said on Friday. The exact number of swine killed in the Oklahoma fire, which began on Monday, was not immediately known. Luke Kanclerz, spokesman for the Oklahoma Forestry Services, said on Friday that several...

  • March 8- U.S. crude oil inventories surged last week to another record high, while gasoline stocks went the other direction, posting their largest one-week drop in nearly six years, the Energy Information Administration said on Wednesday. On the other side of the refining equation, gasoline posted its biggest weekly inventory drawdown since April 2011, with a...

  • Severe thunderstorm warnings were scattered across the Southeast and wind gusts of 50 or 60 miles per hour were recorded as the system headed toward the Atlantic coast, said Jared Guyer, a forecaster with the Weather Service's Storm Prediction Center in Norman, Oklahoma. Although the chance of a tornado could not be ruled out, the system has lost much of the punch...

  • March 1- U.S. crude oil stocks rose last week even as refineries boosted output, while inventories of gasoline and distillates fell, the U.S. Energy Information Administration said on Wednesday. Overall crude stocks in the United States hit another record, rising to 520.2 million barrels. Gasoline demand doesn't decline, but this is cold comfort for the gasoline...

  • NORMAN, Okla., Feb 27- The U.S. Federal Reserve might need to raise interest rates in the near future to avoid falling behind the curve on inflation, Dallas Fed President Robert Kaplan said on Monday. "Sooner rather than later means in the near future," Kaplan told journalists after speaking at an event with university students in Norman, Oklahoma.

  • NORMAN, Okla., Feb 27- The U.S. Federal Reserve might need to raise interest rates in the near future to avoid falling behind the curve on inflation, Dallas Fed President Robert Kaplan said on Monday. "Sooner rather than later means in the near future," Kaplan told journalists after speaking at an event with university students in Norman, Oklahoma.

  • The number of demonstrators had dwindled from the thousands who poured into the camp starting in August to oppose the pipeline that critics say threatens the water resources and sacred land of the Standing Rock Sioux Tribe. The 1,170- mile line, built by Energy Transfer Partners LP, will move crude from the shale oilfields of North Dakota to Illinois en route to...

  • NEW YORK/ HOUSTON, Feb 24- Traders are turning the spigots to drain the priciest storage tanks holding U.S. crude stockpiles as strengthening markets make it unprofitable to store for future sale and cuts in global production open export opportunities. From Houston through Louisiana to floating storage in the Gulf of Mexico, traders are starting to ship crude...

  • NEW YORK, Feb 23- U.S. crude oil stockpiles rose last week for a seventh straight week but less than forecast, while gasoline inventories fell far more than expected as refineries cut output, the Energy Information Administration said on Thursday. With those two together, the U.S. is becoming an export juggernaut, "said John Kilduff, partner at New York energy hedge...

  • NEW YORK, Feb 23- U.S. crude oil stockpiles rose last week for a seventh straight week but less than forecast, while gasoline inventories fell far more than expected as refineries cut output, the Energy Information Administration said on Thursday. By 11:30 a.m. EST or half an hour after the report, however, U.S. crude futures pared gains to 1.5 percent at $54.40 a...

  • That added to optimism earlier in the week when the Organization of the Petroleum Exporting Countries said a deal with other producers including Russia to curb output was showing a high level of compliance. However, for prices to break out of their trading ranges, the market needs to see signs that OPEC inventories are falling, said Tony Nunan, oil risk manager at...

  • That added to optimism earlier in the week when the Organization of the Petroleum Exporting Countries said a deal with other producers including Russia to curb output was showing a high level of compliance. However, for prices to break out of their trading ranges, the market needs to see signs that OPEC inventories are falling, said Tony Nunan, oil risk manager at...

  • However, for prices to break out of their trading ranges, the market needs to see signs that OPEC inventories are falling, said Tony Nunan, oil risk manager at Mitsubishi Corp. in Tokyo. "It's a battle between how quick OPEC can cut without shale catching up," Nunan said, referring to U.S. drilling in shale formations that has shown an upsurge after prices rose this year.