OklahomaMinerals.com

Featured
Latest
Popular

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

Armstrong, Alaska, Oil, Energy, Conventional

Armstrong, Alaska, Oil, Energy, Conventional

Bill Armstrong Proves Alaska Oil Finds Aren’t Over

Featured Article

Snippets

California Storms
Parts of Southern California received major rainfall yesterday as a reportedly once-every-thousand-year...
Parts of Southern California received major rainfall yesterday as a reportedly once-every-thousand-year storm system hovered over the region and headed toward Arizona, prompting flood watches for millions. Rescuers have aided dozens of stranded residents in several counties around Los Angeles and Santa Barbara while the town of Oxnard recorded over 3 inches of rain in one hour. No deaths have been reported as of this writing.
Read More
Energy Sector Commentary for Friday
The energy sector is starting...
The energy sector is starting higher, supported by strength in the crude complex. Meanwhile, the major equity futures are mixed after US stocks bounced on Thursday following a largely unexplained late-day selloff in the prior session. Headline and core PCE came in a bit cooler than expected for November, fitting the broader disinflation theme.

WTI and Brent crude oil futures are higher in early trading on a weaker dollar and as more maritime carriers are avoiding the Red Sea due to recent attacks on vessels carried out by the Houthi militant group. Oil contracts are set for a second-consecutive higher week as hundreds of large vessels are rerouting around the southern tip of Africa, a longer route adding 10-14 days of travel, to escape drone and missile attacks by Yemeni Houthis that have pushed up oil prices and freight rates. Elsewhere, OPEC has yet to comment on Angola’s decision to leave the group. Oil-related news is quiet so far today in what should be a low-volume session of trading.

Natural gas futures are flat as preliminary estimates have storage for the week-ending today with a draw of (75) to (85) Bcf vs the 5-year average of (123) Bcf.
Read More
☕️What Else is Brewing Friday Morning
Historybook: Beethoven’s "Fifth Symphony"...
Historybook: Beethoven’s "Fifth Symphony" premieres (1808); Former first lady Lady Bird Johnson born (1912); Maurice and Robin Gibb of the Bee Gees born (1949); Colo becomes first gorilla born in captivity (1956); “Don’t ask, don’t tell” military policy repealed (2010).

Rudy Giuliani filed for bankruptcy after a jury ordered him to pay $148 million for defaming two former Georgia election workers.

Ikea warned that Houthi attacks on commercial ships in the Red Sea could delay its deliveries.

Bird flu is likely to spread in Antarctica, posing existential threats to some species, including emperor penguins, according to experts.

Vin Diesel was sued yesterday by a former assistant, who accused the Fast & Furious actor of sexual battery.
Read More
Closing Oil & Gas Prices for Thursday
Benchmark U.S. crude oil for February delivery...
Benchmark U.S. crude oil for February delivery fell 33 cents to $73.89 per barrel Thursday. Brent crude for February delivery fell 31 cents to $79.39 per barrel.

Wholesale gasoline for January delivery fell 4 cents to $2.16 a gallon. January heating oil fell 1 cent to $2.70 a gallon. January natural gas rose 12 cents to $2.57 per 1,000 cubic feet.
Read More
Closing Market Update
Major U.S. equity benchmarks bounced back from a brief midweek downturn and resumed the...
Major U.S. equity benchmarks bounced back from a brief midweek downturn and resumed the holiday season rally Thursday, lifting the Dow Jones Industrial Average® (DJI) back near a record high as falling Treasury yields and further signs of easing inflation kept investors emboldened over prospects for Federal Reserve interest rate cuts and a "soft landing" for the economy. Here's where the major benchmarks ended:

The S&P 500® index (SPX) was up 48.40 points (1.0%) at 4,746.75; the Dow Jones Industrial Average was up 322.35 points (0.9%) at 37,404.35; the Nasdaq Composite®(COMP) was up 185.92 points (1.3%) at 14,963.87.

The 10-year Treasury note yield(TNX) was up about 1 basis point at 3.89%.

The Cboe® Volatility Index(VIX) was down 0.02 at 13.65, after earlier rising to 14.49.

Read More

To Top

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