OklahomaMinerals.com

Snippets

• Western Heat Wave
  More than 25 million people...
  More than 25 million people across the western US are under heat alerts, as a heat wave is expected to bring dangerously high temperatures from Arizona to the Pacific Northwest this week. Temperatures are expected to reach triple digits in several areas as the intense heat moves northward from drought-stricken Mexico.
  
  The extreme heat is being driven by a heat dome—a high-pressure system trapping hot air in place while preventing precipitation. Temperatures in California could reach up to 20 degrees above normal in many areas, with Death Valley predicting temperatures near 120 degrees. By Thursday, Phoenix and Las Vegas could hit 110 degrees for the first time this year. See a heat risk map here.
  Read More
• Regulators to hold special meeting on ONG’s $32 million request
  A special meeting of Oklahoma regulators will be held Tuesday morning...
  A special meeting of Oklahoma regulators will be held Tuesday morning regarding a request for a $32 million increase in charges for Oklahoma Natural Gas customers. This would amount to another $29 more a year for most customers.
  
  Oklahoma Corporation Commissioners anticipate no vote at the 10 a.m. hearing on rate case PUD2024-000010, which will be before an Administrative Law Judge.
  
  If approved, the average residential service charge would increase by $2.45 per month, while the residential low-income customer charge would be 81 cents more monthly. However, with credits, ONG said the net monthly impact would be an increase of $1.37 for average residential customers and 49 cents for low-income residential customers.
  Read More
• ☕️What Else is Brewing Tuesday Morning
  President Biden plans to limit asylum claims. The president...
  President Biden plans to limit asylum claims. The president is expected to sign an executive order today that would bar migrants who illegally cross the border from Mexico into the US from claiming asylum once the number of daily entries hits 2,500 (which it already has). The ability to seek asylum would resume when entries fall to 1,500 per day. The move comes as many voters have expressed that immigration is one of the top issues they’re concerned about in this year’s presidential contest—and that they’re unhappy with how Biden has handled it.
  
  Toyota apologized for cheating on certification tests and suspended production of three vehicle models involved. Honda also apologized for improper tests, and Mazda paused production of two models over similar issues.
  
  A Delaware judge ruled that 70,000+ lawsuits claiming Zantac caused cancer can move forward with expert scientific testimony. The news sent GSK’s stock down.
  
  A woman who says she was a victim of the late financier Jeffery Epstein’s sexual abuse sued Henry Jarecki, a prominent psychiatrist and co-founder of Moviefone, claiming he raped and trafficked her after Epstein sent her to him for treatment.
  
  X will now allow NSFW content as long as it is clearly marked.
  
  Poppi was hit with a proposed class-action lawsuit questioning its claims of improving gut health.
  Read More
• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for July delivery ...
  Benchmark U.S. crude oil for July delivery fell $2.77 to $74.22 per barrel Monday. Brent crude for August delivery fell $2.75 to $78.36 per barrel.
  
  Wholesale gasoline for July delivery fell 8 cents to $2.34 a gallon. July heating oil fell 8 cents to $2.30 a gallon. July natural gas rose 17 cents to $2.76 per 1,000 cubic feet.
  
  
  Read More
• Stocks end mixed in wild trading day marked by NYSE glitch, as jobs report looms →
  U.S. stocks closed mostly higher on Monday in a wild trade day following...
  U.S. stocks closed mostly higher on Monday in a wild trade day following an early trading glitch on the New York Stock Exchange and as investors awaited a series of economic data due later this week, including the jobs report due Friday.
  
  According to Dow Jones Market Data, the Dow Jones Industrial Average closed down 115.29 points, or 0.3%, on Monday at 38,571.03. It set a session low of 38,247.22.
  
  The S&P 500 added 5.89 points, or 0.1%, to close at 5,283.40. The Nasdaq Composite rose 93.65 points, or 0.6%, to finish at 16,828.67, snapping a three-day losing streak.
  
  The Dow clawed back the bulk of its losses in the final hour of trade, while the S&P 500 turned positive. The S&P 500 was down 0.8% at its low but closed up 0.1%. It is the second trading day in a row that the index was down at least 0.8% at its low but finished the day higher.
  Read More

• Prev
• Next