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Top News & Analysis Oklahoma

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  • Where Big Oil is cutting back Thursday, 9 Apr 2015 | 3:49 PM ET
    Workers prepare drilling pipe on the Petroleos Mexicanos (Pemex) La Muralla IV deep sea crude oil platform in the waters off Veracruz, Mexico.

    The crash in oil prices has led to huge cuts in investment in spending on new exploration and production.

  • Dimon, now Summers: There's a liquidity problem Thursday, 9 Apr 2015 | 9:01 AM ET
    Larry Summers, left, and Jamie Dimon

    The former Treasury secretary said regulators should make a priority of addressing the problems of bond market liquidity, brought on by efforts to make institutions safer after the crisis.

  • Storm brings tornadoes, giant-sized hail to US Thursday, 9 Apr 2015 | 7:51 AM ET

    A storm peppered a 1,500-mile arc with 10 reported tornadoes, hail and winds of up to 80 mph Wednesday, NBC News reported.

  • Brent May crude fell $3.55, or 6 percent, to settle at $55.55 a barrel. May crude fell $3.56, or 6.6 percent, to settle at $50.42 after closing at nearly $54 a barrel on Tuesday, the highest close since Dec. 30. The U.S. data were "very bearish," said John Kilduff, partner at Again Capital LLC in New York.

  • Tornado alert: 30 million brace for fierce storm Wednesday, 8 Apr 2015 | 2:54 PM ET

    Around 30 million Americans were under threat from a storm promising hail, high winds and a chance of tornadoes, NBC News reports.

  • NEW YORK, April 8- Oil futures fell sharply on Wednesday after government data showed the largest weekly increase in U.S. crude inventories since 2001 and a day after Saudi Arabia reported record production in March. "The report is very bearish with the large crude oil inventory build and the somewhat surprising rise in gasoline inventories," said John Kilduff,...

  • May crude was down $2.40, or 4.5 percent, at $51.58 a barrel at 11:20 a.m. EDT, having fallen as low as $51.38. Brent May crude was down $2.01, or about 3.5 percent, at $57.09, having slumped as low as $56.90. "They are the most bearish numbers I've seen in quite some time, very surprising, even to a bear like me," said Tariq Zahir, managing member at Tyche Capital Advisors in...

  • Volatile oil, a dovish Fed, and start of earnings Wednesday, 8 Apr 2015 | 5:57 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Markets expect to hear from a dovish Fed Wednesday, while a bubbling up of oil prices makes weekly U.S. inventory data a bigger than normal focus.

  • Traders work on the floor of the New York Stock Exchange.

    Markets expect to hear from a dovish Fed Wednesday, while a bubbling up of oil prices makes weekly U.S. inventory data a bigger than normal focus.

  • U.S. job openings surged to a 14- year high in February the Labor Department said in its monthly Job Openings and Labor Turnover Survey, lifting oil prices. "That JOLTS report was certainly quite strong and strong employment equals strong gasoline demand," said John Kilduff, partner at Again Capital LLC in New York. May crude was up $1.65 at $53.79 a barrel at...

  • "That JOLTS report was certainly quite strong and strong employment equals strong gasoline demand," said John Kilduff, partner at Again Capital LLC in New York. May crude was up $1.11 at $53.25 a barrel at 12:10 p.m. EDT, having traded from $51.17 to $53.46. Brent May crude was up 48 cents at $58.60, having swung from $57.02 to $59.09.

  • LONDON, April 7- Brent crude oil fell towards $57 a barrel on Tuesday on signs of growing oversupply as Iranian officials visited Beijing to push for more oil sales after Tehran agreed a framework nuclear deal that could lead to the lifting of sanctions. China is Iran's largest trade partner and has bought roughly half of Iran's crude exports since 2012, when...

  • NEW YORK, April 6- Oil prices jumped more than 5 percent on Monday as traders reassessed how quickly Iran might increase exports after a preliminary nuclear deal and anticipated that a months-long rise in U.S. crude inventories may be slowing. Brent crude's rally followed Thursday's nearly 4 percent tumble after Iran and six world powers announced a framework...

  • *Iran unlikely to ramp up exports before 2016- analysts. NEW YORK, April 6- Oil prices jumped as much as 5 percent on Monday as traders reassessed how quickly Iran could increase exports after a preliminary nuclear deal and anticipated that a months-long rise in U.S. inventories may be slowing. Brent crude tumbled nearly 4 percent on Thursday after Iran and six...

  • U.S., BRENT CRUDE FUTURES RISE FURTHER AFTER FORECAST FOR LOWER THAN EXPECTED CRUDE STOCKS BUILD AT CUSHING, OKLAHOMA.

  • NEW YORK, April 1- U.S. crude inventories rose last week to a record high for the 12th straight week, while gasoline stocks fell more than four times than expected as demand grew for the motor fuel, data from the Energy Information Administration showed on Wednesday. "The large decline in gasoline inventories is notable, as is the four-week average demand of 9...

  • 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...