OklahomaMinerals.com

Snippets

• Dow notches fresh record close as U.S. stocks edge upward
  U.S. stocks finished slightly higher on Tuesday after...

  U.S. stocks finished slightly higher on Tuesday after a quiet day of trading, as investors awaited a highly anticipated quarterly earnings report from the chip maker Nvidia Corp. on Wednesday and fresh inflation data due later in the week.

  
  

  The Dow Jones Industrial Average ended nearly flat, at around 41,250, to notch a new record close. The blue-chip index has scored 24 all-time closing highs so far in 2024, according to Dow Jones Market Data.

  
  

  The S&P 500 finished up less than 0.2%, at around 5,625.

  
  

  The Nasdaq Composite was up less than 0.2%, ending near 17,754.

  Read More
• National Hurricane Center tracking new disturbance in central Atlantic
  The area of low pressure could form in the central portion of the Tropical...
  The area of low pressure could form in the central portion of the Tropical Atlantic in a few days, according to the NHC, where environmental conditions appear "generally favorable" for slow development of the system this weekend into early next week.
  
  According to the hurricane center, the disturbance is forecast to move westward to west-northwestward at 10 to 15 miles per hour and has a 20 percent chance of formation over the next seven days.
  
  So far this year, including the three that are spinning Monday, there have been more storms in the Pacific than the Atlantic, and that's a bit of a surprise, forecasters say. In addition, it's been eerily calm in the Atlantic over the past week or so as we approach what's traditionally the busiest time of the season.
  
  
  Read More
• Platts to track Vancouver-West Coast oil freight rates
  S&P Global's Platts commodities unit will introduce a daily freight...
  S&P Global's Platts commodities unit will introduce a daily freight assessment in October for Aframax tankers transporting crude oil from Vancouver to the US West Coast. The move responds to surging crude shipments on that route following the startup of the Trans Mountain oil pipeline expansion.
  Read More
• Oil firms optimize artificial lift with AI, ML
  Oil companies like Occidental Petroleum and Chevron are integrating AI...
  Oil companies like Occidental Petroleum and Chevron are integrating AI and machine learning into their artificial lift systems to boost production and predict equipment failures, yet human expertise remains crucial for managing the complexities of well operations. Cost constraints, particularly with marginal wells, drive the industry to focus automation efforts on areas with the greatest impact, ensuring a strategic balance between technology investment and economic viability.
  Read More
• Israel and Hezbollah escalated, then pulled back
  There’s still plenty of tension and concerns about regional warfare...
  There’s still plenty of tension and concerns about regional warfare in the Middle East but for now, Israel and Hezbollah seem to have stepped back from the brink after exchanging attacks over the weekend. On Sunday, Israel sent 100 warplanes to take out thousands of Hezbollah rocket launchers in Lebanon that were pointed at Israel for an attack the militia said was retaliation for Israel killing one of its top commanders last month. Though both sides have said the conflict is ongoing, things remained quiet after the incident. Meanwhile, negotiators continue to try to help Israel and Hamas reach a deal for a cease-fire in Gaza, and Iran has vowed to retaliate for Israel’s killing of a Hamas leader in Tehran.
  Read More

• Prev
• Next