Top News & Analysis Oklahoma

  • Jan 23- U.S. crude oil and distillate inventories fell last week while gasoline stockpiles grew for an 11th consecutive week to an all-time high, the Energy Information Administration said on Thursday. Crude stocks at the Cushing, Oklahoma, delivery hub for the benchmark U.S. crude futures, fell 961,000 barrels to 34.9 million barrels, their lowest since...

  • Jan 13- Apple and other tech favorites propelled Wall Street to record highs on Monday, fueled by optimism about the signing of a preliminary U.S.- China trade deal, as well upcoming fourth-quarter earnings reports. An easing of Middle East tensions and the Phase 1 U.S.- China trade agreement, which is expected to be signed in Washington on Wednesday, have...

  • Jan 8- U.S. crude oil stockpiles rose unexpectedly last week and gasoline inventories surged by their most in a week in four years, the Energy Information Administration said on Wednesday. U.S. crude futures were down 1.9%, or $1.19, to $61.51 a barrel by 10:55 a.m. ET. "The market is already nervous, sucking risk premium out, and then you get a surprise bearish report...

  • Pin Oak Terminals LLC, a joint venture owned by Mercuria and Dauphine Midstream LLC, is building 2 million barrels of crude storage outside of Corpus Christi, Texas, near where several pipelines connect and other firms have oil storage, said Brian Falik, Mercuria's chief investment officer for the Americas. Almost 4.5 million barrels of storage capacity is now...

  • *Stocks at Cushing see biggest draw since Feb 2018- EIA. *OPEC expects small supply deficit in 2020. HOUSTON, Dec 11- Oil prices dropped almost 1% on Wednesday following a surprise build in U.S. crude inventories, and as investors waited to see if a fresh round of tariffs by Washington on Chinese goods would come into force on Sunday.

  • NEW YORK, Dec 11- U.S. crude oil stockpiles rose unexpectedly last week, while gasoline and distillate inventories jumped sharply higher, the Energy Information Administration said on Wednesday. WTI extended losses after the data release, falling 60 cents a barrel to trade at $58.64 by 11:23 a.m. EST. "The report was bearish, due to several factors, including a...

  • HOUSTON, Dec 9- Enterprise Products Partners LP and Enbridge Inc have agreed to jointly develop a U.S. Gulf Coast crude export terminal that would load supertankers off Freeport, Texas, Enbridge said on Monday. Rivals racing to develop similar projects include U.S. refiner Phillips 66, commodities trader Trafigura AG and privately held Sentinel Midstream LLC.

  • Dec 6- Halliburton Co is laying off employees at its Bakersfield plant in California in its latest round of job cuts this year, as the U.S. oilfield services firm struggles with falling profits amid slowing oil and gas activity. Earlier in October, the company cut 650 jobs across Colorado, Wyoming, New Mexico and North Dakota. In 2019, more than 50 frac spreads- or a set...

  • LONDON, Nov 22- Oil prices held near two-month highs on Friday and were set for a third consecutive week of gains, boosted by expectations of an extension to OPEC+ production cuts although doubts over U.S. and China trade talks capped gains. Uncertainty over whether the United States and China will be able to reach a partial trade deal that would lift some pressure...

  • SINGAPORE, Nov 22- Oil prices pulled back from their highest levels in nearly two months on Friday amid lingering doubts on whether the United States and China will be able to reach a partial trade deal that would lift some pressure on the global economy. Brent crude futures dropped 34 cents, or 0.53%, to $63.63 a barrel by 0745 GMT, while West Texas Intermediate...

  • SINGAPORE, Nov 22- Oil prices pulled back from their highest levels in nearly two months on Friday amid continued uncertainty over whether the United States and China will be able to reach a partial trade deal that would lift some pressure on the global economy. China has invited top U.S. trade negotiators for a new round of face-to-face talks in Beijing amid...

  • SINGAPORE, Nov 22- Oil prices were toppled from their highest in nearly two months on Friday by doubts over future demand for crude as uncertainty continues to shroud a potential U.S.- China trade deal, and along with it the health of the global economy. By 0159 GMT, Brent crude futures had slid 30 cents, or 0.5%, to $63.67 a barrel. Prices had touched their highest...

  • *U.S. House passes Hong Kong rights bills, angers China. SINGAPORE, Nov 21- Oil prices edged lower on Thursday as fresh tensions between the United States and China over ongoing protests in Hong Kong fueled concern that a long hoped-for deal to end a trade war between the world's top two economies may be further delayed. Trade experts have warned the first phase of a...

  • *U.S. House passes Hong Kong rights bills; angers China. SINGAPORE, Nov 21- Oil prices retreated on Thursday after gaining more than 2% in the previous session on bullish U.S. crude inventory data, as a fresh spat over Hong Kong fueled concerns of a further delay in any U.S.- China trade deal. Trade experts have warned the first phase of a trade deal could slide into next...

  • Nov 18- Three people were shot and killed in a morning attack at an Oklahoma Walmart on Monday, according to the Oklahoma Highway Patrol, the latest in a string of deadly shootings in the United States. Duncan is a town of roughly 22,000 people located about 80 miles south of Oklahoma City. California was also hit by a school shooting in Santa Clarita last week in...

  • Three victims were killed, local media reported citing the Oklahoma Highway Patrol. Oklahoma Highway Patrol officials could not immediately be reached for comment. California was also hit by a school shooting in Santa Clarita last week in which a 16- year-old boy shot and killed two classmates before turning the gun on himself, and a San Diego shooting on...

  • Three victims were killed, local media reported citing the Oklahoma Highway Patrol. A spokeswoman for the police in Duncan, Oklahoma, confirmed the shooting but said she had no information on the victims' condition. Oklahoma Highway Patrol officials could not immediately be reached for comment.

  • Nov 15- An Oklahoma judge on Friday said Johnson& Johnson must pay that state $465 million for fueling the opioid epidemic through the deceptive marketing of painkillers, down from his original award of $572 million. The decision by Cleveland County District Judge Thad Balkman in Norman, Oklahoma, came in the first case to go to trial out of 2,700 nationally by...

  • Nov 15- An Oklahoma judge on Friday said Johnson& Johnson needs to pay only $465 million of the $572 million he previously concluded it owed the state for fueling the opioid epidemic through deceptive marketing of painkillers. The ruling by Cleveland County District Judge Thad Balkman in Norman, Oklahoma, came in the first case to go to trial out of 2,700...

  • *Cisco top drag on all three indexes after disappointing forecast. *Walmart posts strong third-quarter earnings, raises outlook. Nov 14- The benchmark S&P 500 stock index posted a slim gain to end with a record closing high on Thursday, as a dour forecast from tech stalwart Cisco Systems was offset by a strong report from big box retailer Walmart.