OKC Winter Storm: Roads remain hazardous as bitter cold persists
A significant winter storm has made its way into Oklahoma, bringing a...
A significant winter storm has made its way into Oklahoma, bringing a combination of freezing rain, sleet, and snow.
Road conditions remain hazardous across much of Oklahoma, particularly in northern and central areas. Highways and city streets are still covered in ice and snow, making travel dangerous.
Snow continues to fall in central and eastern Oklahoma, with areas east of Tulsa receiving up to 5-6 inches. In the Oklahoma City metro, snowfall totals range from a dusting to over an inch in some spots.
By 8 p.m., the snow is expected to be east of I-35, with lingering flurries possible. By 10 p.m., the system should exit Oklahoma completely.
Oil prices end higher after drone attack on Russian pipeline
Oil futures were lifted Tuesday, ending with gains after...
Oil futures were lifted Tuesday, ending with gains after a drone attack by Ukraine on a pipeline carrying crude from Kazakhstan across southern Russia curtailed flows.
At the same time, preliminary talks between Russia and the U.S. aimed at ending the war in Ukraine capped upside due to the potential for negotiations to result in the easing of sanctions on Russia’s energy sector.
West Texas Intermediate crude for March delivery rose $1.11, or 1.6%, to finish at $71.85 a barrel on the New York Mercantile Exchange. WTI futures didn’t close Monday due to the Presidents Day holiday in the U.S.
April Brent crude , the global benchmark, settled with a gain of 62 cents, or 0.8%, at $75.84 a barrel on ICE Futures Europe.
Back on Nymex, March gasoline fell 0.2% to $2.087 a gallon, while March heating oildeclined 0.9% to $2.441 a gallon.
March natural gas jumped 7.6% to finish at $4.007 per million British thermal units.
S&P 500 scores record close; Dow flat, Nasdaq ekes out gain
Stocks were choppy to start the holiday-shortened week, bouncing between...
Stocks were choppy to start the holiday-shortened week, bouncing between positive and negative territory throughout Tuesday's session. But the three main benchmarks managed to close in the green, with the S&P 500 notching a new record close.
Thanks to a late burst of buying power, the S&P 500 closed up 0.2% at 6,129, the Nasdaq Composite added 0.07% to 20,041 and the Dow Jones Industrial Average edged up 0.02% to 44,556
As private equity pulls back from US shale, family offices...
As private equity pulls back from US shale, family offices managing the wealth of billionaires such as George Soros and Carlos Slim are stepping in, enticed by the industry's newfound discipline and steadier returns. Family offices have invested about $15 billion in the sector and are expected to provide around 12% of its total capital this year, up from 7% a few years ago, according to financial services firm Stephens and law firm Haynes Boone.
Williams plans to add 10 Bcf of additional natural gas storage capacity...
Williams plans to add 10 Bcf of additional natural gas storage capacity to its Pine Prairie facility in Louisiana and launch two new expansion projects on the Northwest Pipeline, bringing the total to six, with a combined capacity of about 580 MMcf/d. Additionally, the company is progressing toward its first data center supply agreement.
