OklahomaMinerals.com

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• From X.com: OPEC+ : Let’s pump 547k more barrels/day. Market: yawn.
  OPEC+ : Let’s pump 547k more barrels/day....

  
  

  OPEC+ : Let’s pump 547k more barrels/day.
  Market: yawn.
  Moral of the story? Sometimes, big oil news doesn’t move prices until politics or weather shows up to spoil the party. pic.twitter.com/IpwNsJUIpi

  
  — Hyde Energy (@HydeEnergyLtd) August 11, 2025

  
  
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• All eyes will be on inflation data
  The July consumer price index will be released on Tuesday, offering Wall...
  The July consumer price index will be released on Tuesday, offering Wall Street (and JPow) a glimpse into any potential tariff-related price increases. Prices ticked up 0.3% in June, with several consumer goods showing the effects of tariffs. Plus, everyone’s curious to see President Trump’s reaction to new data from the Bureau of Labor Statistics, since he fired the head of the agency after the last jobs report. Then, on Friday, fresh retail sales data will be released.
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• ☕️What Else is Brewing Monday Morning
  Get ready for some soccer: The English Premier League...
  Get ready for some soccer: The English Premier League kicks off on Friday, when Liverpool, the reigning champions, will be looking to get their title defense off on the right foot against Bournemouth. If that’s not your cup of tea, the NFL has another round of preseason games this weekend, plus the Madden 26 video game will be released to the public on Thursday. Hopefully, that’s not too distracting for the 20 teams participating in the Little League World Series, which begins the day before.
  
  Australia announced it would recognize a Palestinian state in September, joining the UK, Canada, and France.
  
  President Trump suggested that a combined Fannie Mae and Freddie Mac could trade as “MAGA” for a proposed stock listing.
  
  Tesla lodged a request to provide electricity to British homes and businesses.
  
  A tourist from New York was shot and killed in Puerto Rico while visiting to attend Bad Bunny’s residency.
  
  Four astronauts returned to Earth on Saturday in a SpaceX capsule after spending five months at the International Space Station.
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• U.S. stock futures inch higher ahead of inflation reports this week
  U.S. stock-market futures advanced slightly Sunday, as...

  U.S. stock-market futures advanced slightly Sunday, as investors await a potentially tumultuous week.

  
  

  Dow Jones Industrial Average futures rose about 40 points, or 0.1%, late Sunday. S&P 500 futures and Nasdaq-100 futures also inched higher. The price of gold slipped, while bitcoin hovered above the $118,000 level. Crude oil futures declined.

  
  

  The stock market’s rebound may be tested this week by important inflation data, with data from the consumer-price index coming Tuesday and data from the producer-price index due Thursday. Meanwhile, President Donald Trump will host Russian President Vladimir Putin in Alaska on Friday to discuss a potential cease-fire agreement in Ukraine.

  
  

  Hotter inflation numbers could give investors pause, and derail the months-long market rally, reviving worries of stagflation, where both inflation and unemployment rise.

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• US drillers cut oil and gas rigs for third week in a row | OKLA adds 2 new rigs
  U.S. energy firms this week cut the number of oil and...

  U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Friday.

  
  

  The total oil and gas rig count, an early indicator of future output, fell by one to 539 in the week to August 8th.

  
  

  Baker Hughes said oil rigs rose by one to 411 this week, while gas rigs fell by one to 123, and miscellaneous rigs fell by one to five.

  
  

  Oklahoma was +2 rigs, now at 43 rigs running. In Texas, the biggest oil and gas-producing state, the rig count fell by two to 243, the lowest since October 2021.

  
  

  In the Permian Basin in West Texas and eastern New Mexico, the biggest U.S. oil-producing shale formation, the rig count fell by three to 256, the lowest since September 2021.

  
  

  In the Eagle Ford shale in South Texas, the rig count fell by one to 38, the lowest since October 2021.

  
  
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