OklahomaMinerals.com

Snippets

• DAILY OIL PRICE: October 22, 2025
  Crude Oil: 58.50   (+0.68)....
  
  
  • Crude Oil: 58.50   (+0.68).
  
  
  • Nymex MTD AVG: 59.5209.
  
  
  • Natural Gas: 3.450   (-0.024).
  
  
  • Gasoline: 1.8650   (+0.0397).
  
  
  • Spreads: December/January (+0.18)     January/February (+0.06).
  
  
  • Plains WTI Posting: 54.98   (+0.68).
  
  

  
  Source: Odessa American
  
  
  Read More
• DOE seeks bids for 1M barrels of SPR oil
  The Energy Department has issued a solicitation to buy 1 million barrels...
  The Energy Department has issued a solicitation to buy 1 million barrels of oil for the Strategic Petroleum Reserve for December and January delivery, with bids due by Oct. 28. The department will use $171 million allocated under the president's tax and spending law to fund the purchase. Low West Texas Intermediate prices near $58 per barrel have created a favorable window for the administration to begin rebuilding the reserve, which remains about 40% below capacity after record drawdowns in 2022.
  Read More
• Halliburton taps into data center boom with VoltaGrid deal
  As global fracking activity slows, Halliburton is diversifying beyond...
  As global fracking activity slows, Halliburton is diversifying beyond oilfield services by teaming up with VoltaGrid to supply turbines, engines and technology for data centers, starting in the Middle East. The company also reported better-than-expected third-quarter adjusted earnings of $0.58 per share, while North American revenue rose 5% sequentially to $2.4 billion on increased stimulation and completion work. However, Halliburton CEO Jeff Miller cautioned that North American oil producers are now investing below the maintenance levels required to sustain output.
  Read More
• U.S. stocks end lower on economic uncertainty, trade tensions; gold falls again
  The Dow Jones Industrial Average and S&P 500 snapped...

  The Dow Jones Industrial Average and S&P 500 snapped a three-day stretch of gains to end lower on Wednesday amid a mix of economic uncertainty, U.S.-China trade tensions, and a selloff in gold. Gold futures settled at $4,065.40 on Wednesday. The Nasdaq Composite also fell.

  
  

  The ongoing government shutdown in Washington raised concerns about economic damage, while gold's selloff heightened volatility fears. Separately, Reuters reported that the Trump administration is considering curbs on a wide range of software-powered exports to China.

  
  

  The Dow fell 334.33 points, or 0.7%, to finish at 46,590.41, based on preliminary data. It had reached a record close of 46,924.74 on Tuesday.

  
  

  The S&P 500 dropped 35.95 points, or 0.5%, to end at 6,699.40.

  
  

  The Nasdaq Composite declined 213.27 points, or 0.9%, to close at 22,740.40

  Read More
• The U.S. Struggles to Break Out From China’s Grip on Rare Earths
  The Trump administration is pursuing an array of unconventional...

  The Trump administration is pursuing an array of unconventional measures to shore up mineral supplies that are vital for makers of cars, jet engines, weaponry and data centers, as the Chinese government leverages its control of rare earth exports in ways that could cripple global industry.

  
  

  In recent months, the administration has taken stakes in several mining and minerals firms. It has discussed establishing a strategic reserve of rare earths and supporting domestic producers through price controls and tariffs. On Monday, the United States announced a strategic agreement with Australia to invest billions of dollars to develop mineral supplies. The topic is expected to be on the agenda for a Group of 7 meeting in Canada at the end of the month.

  
  

  China mines 70 percent of the world’s rare earths and processes 90 percent of the global supply. When the Trump administration recently hit the nation with high tariffs and expanded technology controls, the Chinese government responded by rolling out a licensing system that would give it control over rare-earth shipments even outside China.

  Read More

• Prev
• Next