OklahomaMinerals.com

Featured
Latest
Popular

Energy, Oil, Financing, Banks, Wall Street, Lending, Fossil Fuel

Energy, Oil, Financing, Banks, Wall Street, Lending, Fossil Fuel

Energy Lending Shrinks as Upstream Spending Declines

Presidio, SPAC, Merger, Panhandle

Presidio, SPAC, Merger, Panhandle

Presidio Targets Public Debut in $660M SPAC Deal

Chevron, Exxon, Europe, Oil, Production

Chevron, Exxon, Europe, Oil, Production

Exxon, Chevron Raise Production as Europe Falls Behind

At least four tankers discharged millions of barrels of Russian crude at Indian refineries over the weekend, even as pressure ramps up by USA

At least four tankers discharged millions of barrels of Russian crude at Indian refineries over the weekend, even as pressure ramps up by USA

Tankers Deliver Russian Crude to India Despite USA and EU Pressure

Featured Article

Snippets

☕️What Else is Brewing Tuesday Morning
SCOTUS rules states can’t kick Trump off primary ballots. The...
SCOTUS rules states can’t kick Trump off primary ballots. The US Supreme Court overturned a Colorado court’s decision that former President Donald Trump was ineligible for the state’s presidential primary, ruling that individual states don’t have the power to keep candidates off the ballot under a constitutional clause barring insurrectionists from holding office. The ruling effectively shuts down efforts to keep Trump off several state ballots just as we head into Super Tuesday today, with 16 states holding their primary votes. Trump is expected to dominate the Republican contest.

American Airlines has ordered 260 new planes to meet growing travel demand. It’s also leaning into luxury by adding more first-class seats.

Haiti declared a state of emergency after armed gangs broke 3,700 people out of prison. Gang leaders are demanding the prime minister’s resignation.

France became the first country to include the right to abortion in its constitution.

Panera Bread isn’t exempt from California’s new minimum wage law for fast-food workers after all, the governor’s office said after facing criticism for the apparent carve-out and claims it benefited a political donor.

Unions could call for another Hollywood strike if crew members don’t get a good deal from studios.

Trader Joe’s recalled its steamed chicken soup dumplings, which might contain hard plastic from a permanent marker.
Read More
Closing Oil & Gas Prices
Benchmark U.S. crude oil for April delivery ...
Benchmark U.S. crude oil for April delivery fell $1.23 to $78.74 per barrel Monday. Brent crude for May delivery fell 75 cents to $82.80 per barrel.

Wholesale gasoline for April delivery fell 2 cents to $2.59 a gallon. April heating oil fell 5 cents to $2.65 a gallon. April natural gas rose 8 cents to $1.92 per 1,000 cubic feet.

Read More
Dow Jones ends lower as investors await Powell testimony
U.S. stocks ended lower on Monday, pausing a rally after the S&P...
U.S. stocks ended lower on Monday, pausing a rally after the S&P 500 logged its 16th winning week out of the last 18. Investors awaited a busy week featuring congressional testimony by Federal Reserve Chair Jerome Powell and all-important jobs data.

The Dow Jones Industrial Average DJIA went down 97.55 points, or 0.3%, to end at 38,989.83

The S&P 500 SPX shed 6.13 points, or 0.1%, to finish at 5,130.95

The Nasdaq Composite COMP fell 67.43 points, or 0.4%, to close at 16,207.51

The S&P 500 rose 1% last week and has gained 7.6% this year, posting its 15th record finish of 2024 on Friday. The Nasdaq returned to record territory last week.

Read More
Diamond Offshore Drilling Announces Contract Extension
Diamond Offshore Drilling announced that it has executed...
Diamond Offshore Drilling announced that it has executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the Ocean BlackHornet, commencing in February 2025 in direct continuation of the rig's current contract. This contract extension represents approximately $350 million dollars of additional backlog.
Read More
🗞Energy Sector Commentary for Monday
The energy sector is off to a mixed start,...
The energy sector is off to a mixed start, supported by strength in natural gas contracts, but pressured by modest weakness in the major equity futures as the broader market takes a breather from last week’s record highs.

WTI and Brent crude oil futures are mostly unchanged as traders take profits on news of the widely expected extension of voluntary output cuts by OPEC+. Over the weekend, OPEC+ members Saudi Arabia, Russia, Iraq, UAE, Kuwait, Algeria, Oman and Kazakhstan all announced they will be extending voluntary production/supply cuts through the end of 2Q24. Russia said it will be cutting output and exports by an additional 471K bpd after cutting combined crude oil/fuel exports 500K bpd during 1Q24. As tensions in the Middle East heighten, Israeli forces swept into the Palestinians' administrative capital of Ramallah in the occupied West Bank last night.

Natural gas futures are sharply higher this morning on EQT’s announcement to reduce output by 1.0 Bcfd through March in response to low natural gas prices.
Read More

To Top

Lease or Sell Your Minerals Rights in Oklahoma or Texas ➡️(405) 492-6277