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Top News & Analysis Oklahoma

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  • The company, which was acquired in a $7.2 billion deal in 2011 by a team of investors led by KKR& Co, had a total debt of about $3.9 billion as of Dec. 31. The company had earlier hired restructuring advisers Kirkland& Ellis LLP and Blackstone Group LP, according to a person familiar with the matter. The Tulsa, Oklahoma- based company, which had about $23.8 million in cash...

  • NEW YORK, March 31- A month ago, it seemed inevitable: a massive global oversupply of crude oil production would overwhelm storage tanks in Oklahoma and fill supertankers off Singapore. Now, there are growing signs that the U.S. oil market can avoid the doomsday scenario in which it runs out of room to stockpile surplus crude, a development that oil traders worried...

  • SEOUL, March 27- U.S. crude futures dipped on Friday on crude stocks extending their record build, but stayed above $51 a barrel and near 2015 highs as air strikes in Yemen by Saudi Arabia and its Gulf Arab allies stoked supply concerns. *Conflict in Yemen risks spilling out into the busy sea lanes that pass it and potentially disrupt the less than 40 km wide waters...

  • TOKYO, March 26- Crude oil prices were steady on Thursday despite Saudi Arabia and its Gulf Arab allies launching a military operation in Yemen, including airstrikes. *U.S. crude for May delivery was down 16 cents at $49.06 a barrel as of 0033 GMT. *Saudi Arabia and its Gulf Arab allies launched a military operation involving air strikes in Yemen against Houthi...

  • WILLISTON, N.D., March 23- Business and community leaders in North Dakota's western oil patch have launched an aggressive campaign to convince more manufacturers to set up shop locally, part of a push to expand the area's economy beyond crude production and slash costs. The company, located on North Dakota's eastern edge, six hours from Williston, currently does...

  • NEW YORK, March 25- U.S. crude inventories soared last week to extend their record build into the eleventh consecutive week as stocks at the Cushing, Oklahoma, delivery hub also hit another peak, data from the Energy Information Administration showed on Wednesday. But the EIA noted in a report released earlier this week that capacity additions at Cushing meant...

  • *China strategic reserves close to capacity- Sinopec exec. Brent crude oil was up 34 cents at $55.45 a barrel by 1453 GMT, but that was well off an earlier high of $56.25. U.S. light crude oil was up 8 cents at $47.59 per barrel, off an earlier high of $48.37.

  • Most loved beer label contest: Underdogs to watch Tuesday, 24 Mar 2015 | 1:01 PM ET
    Prairie Artisan Ales Chrismas Bomb.

    CNBC's beer label contest is all about having the right flair. Here are three potential Cinderella labels that could make some noise in the brackets.

  • RIYADH, March 24- Stronger-than-expected global oil demand should help support crude prices at around $55- $60 a barrel in the next two months despite some signs of a growing glut in the United States, a senior Gulf OPEC delegate told Reuters on Tuesday. Low oil prices may have encouraged demand to pick up particularly in the United States but also in Asia, the Gulf...

  • *China factory activity contracts- HSBC/ Markit. LONDON, March 24- Brent crude oil held below $56 a barrel on Tuesday on signs of slowing growth in China and as Saudi Arabia said its production was close to an all-time high. The Chinese data followed comments from OPEC kingpin Saudi Arabia that it is pumping around 10 million barrels of crude per day, close to an...

  • Native tribes debate entering legal pot business Thursday, 19 Mar 2015 | 1:31 PM ET
    Monument Valley Navajo Tribal Park in southeastern Utah.

    Many Native American tribes are grappling with the idea of growing marijuana on reservation land.

  • *Kuwait says OPEC has no choice but to keep output steady. LONDON, March 19- Brent crude oil fell back below $55 a barrel on Thursday after Kuwait said OPEC had no choice but to keep production steady, refocusing the market on global oversupply as the dollar recovered from sharp losses in the previous session. Brent for May delivery was down $1.39 at $54.52 a barrel by...

  • *Kuwait says OPEC has no choice but to keep output steady. LONDON, March 19- Brent crude oil fell back to $55 a barrel on Thursday after Kuwait said OPEC had no choice but to keep production steady, refocusing the market on global oversupply as the dollar recovered from sharp losses in the previous session. Brent for May delivery was down 77 cents at $55.14 a barrel by...

  • *U.S. crude stocks at Cushing, Oklahoma at record high. SINGAPORE, March 19- Brent crude futures fell towards $55 a barrel on Thursday after a bigger than expected crude stock build in the United States, though losses were limited by a weaker dollar as the Federal Reserve signalled a slower pace of interest rate hikes. Crude stocks at the Cushing, Oklahoma, delivery...

  • Brent crude falls below $56 on oil inventory built Wednesday, 18 Mar 2015 | 10:05 PM ET

    *U.S. crude stocks at Cushing, Oklahoma at record high. SINGAPORE, March 19- Brent crude slipped below $56 a barrel on bigger than expected oil stocks in the United States though losses were limited on a weaker dollar as the Federal Reserve signaled a slower pace of interest rate hike. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 2.865 million barrels to...

  • SINGAPORE, March 19- U.S. crude futures fell towards $44.50 a barrel on Thursday after oil stocks rose to their highest level in at least 80 years but a weaker dollar put a floor under prices as the U.S. *U.S. crude for April delivery fell 11 cents to $44.55 by 0031 GMT on Thursday after closing up $1.20, or almost 3 percent, in the previous session. *U.S. crude stocks climbed...

  • NEW YORK, March 18- Stocks on Wall Street slipped and shares in Europe rose on Wednesday, reflecting diverging policies between the Federal Reserve and the European Central Bank, while oil prices fell as data showed U.S. crude inventories hit a record high. The FTSEurofirst 300 index of top European shares rose 0.33 percent to close at a provisional 1,589.07,...

  • NEW YORK, March 18- Oil markets diverged on Wednesday with Brent supported while U.S. crude prices fell after domestic inventories hit record highs for a 10th week and supplies at the futures' delivery hub hit a peak. U.S. crude inventories rose 9.6 million barrels to a new record of 458.5 million barrels in the week to March 13, figures from the government-run...

  • LONDON, March 18- Brent oil prices fell towards $53 a barrel on Wednesday on oversupply concerns as U.S. crude stocks hit a new record high, according to government data. Brent for May delivery was down 36 cents at $53.26 per barrel by 1440 GMT after ending the previous session up 7 cents. "The crude oil inventory rise is too big a factor to ignore at this point, and...

  • *China pauses build-up of strategic reserves. LONDON, March 18- Brent oil prices fell below $53 a barrel on Wednesday on oversupply concerns as industry data indicated U.S. crude stocks had hit a new record high. Brent for May delivery was down 70 cents at $52.82 per barrel by 1305 GMT after ending the previous session up 7 cents.