OklahomaMinerals.com

Snippets

• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for July delivery ...
  Benchmark U.S. crude oil for July delivery rose 85 cents to $77.72 per barrel Friday. Brent crude for July delivery rose 76 cents to $82.12 per barrel.
  
  Wholesale gasoline for June delivery rose 1 cent to $2.48 a gallon. June heating oil was unchanged at $2.41 a gallon. June natural gas fell 14 cents to $2.52 per 1,000 cubic feet.
  
  
  Read More
• Nasdaq leads U.S. stocks higher Friday, though Dow snaps 5-week win streak
  U.S. stocks ended higher Friday, but the S&P 500’s rise only left...
  U.S. stocks ended higher Friday, but the S&P 500’s rise only left the index flat for the week.
  
  The S&P 500 closed 0.7% higher Friday, while the Nasdaq Composite climbed a sharp 1.1% and the Dow Jones Industrial Average finished little changed, preliminary data from FactSet show.
  
  For the week, the Dow fell 2.3% to snap five straight weeks of gains while the S&P 500 eked out a less than 0.1% rise, according to the preliminary data. The technology-heavy Nasdaq booked a weekly gain of 1.4%.
  Read More
• US refiners prioritize returns, stay positive
  Despite a dip in first-quarter profits, major US refiners, including...
  Despite a dip in first-quarter profits, major US refiners, including Marathon Petroleum, Phillips 66 and Valero Energy, returned a combined $5.5 billion to shareholders through stock buybacks and dividends, highlighting a strategic focus on capital returns. The Energy Information Administration forecasts higher refinery runs in the third quarter, driven by a positive demand outlook.
  Read More
• Golden Pass LNG contractor files for bankruptcy protection
  Zachry Holdings, the lead contractor for QatarEnergy and ExxonMobil's...
  Zachry Holdings, the lead contractor for QatarEnergy and ExxonMobil's Golden Pass LNG export facility in Texas, has filed for Chapter 11 bankruptcy protection, blaming cost challenges and unresolved negotiations for insolvency. Despite this setback, Exxon remains committed to completing the project and is working with other stakeholders to ensure a smooth transition and minimal disruption, a spokesperson said.
  Read More
• Route challenges at odds with Permian gas pipeline needs
  The Permian Basin will need another major natural gas pipeline soon,...
  The Permian Basin will need another major natural gas pipeline soon, but the complexities and costs involved in route planning and construction of long pipelines pose significant challenges, according to Kinetik Midstream CEO Jamie Welch. The longer the pipeline, the higher the costs, which can deter shippers from committing to the project, Welch said.
  Read More

• Prev
• Next