OklahomaMinerals.com

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• Americans believe they need $1.46 million to retire in style
  The new magic number for ...
  The new magic number for retirement, found in a study by Northwestern Mutual, is 15% higher than what people thought they needed last year—and 53% higher than the amount people in 2020 pictured themselves needing to feel comfortable leaving the workforce to sit on a beach in Florida. It’s also more than most people have socked away: On average, US adults have $88,400 saved for retirement.
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• ☕️What Else is Brewing Thursday Morning
  Spotify plans to raise prices. We regret to inform...
  Spotify plans to raise prices. We regret to inform you that the platform where you listen to music and podcasts is reportedly gearing up to raise prices, in part to help offset its costly push into audiobooks. Spotify will begin charging $1 to $2 more in the UK, Australia, Pakistan, Sri Lanka, and Ghana this month and then hike prices in the US later in the year, per the Wall Street Journal. The company is testing how much it can squeeze out of listeners as it tries to get back on track after losses that prompted layoffs.
  
  José Andrés is speaking out after an Israeli strike killed seven aid workers from his World Central Kitchen charity who were delivering food in Gaza.
  
  Ukraine lowered its military draft age from 27 to 25, a controversial move as the country tries to bulk up its troops to fight Russia’s invasion.
  
  Intel revealed that its semiconductor-making unit lost $7 billion last year. The news sent the company’s stock down.
  
  Amazon is laying off hundreds of employees from its cloud computing division, including the team overseeing its cashierless tech (and not just the Just Walk Out feature it’s pulling from stores), as well as people sales and marketing roles.
  
  Microsoft and Quantinuum said they’ve had a major quantum computing breakthrough.
  
  
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for May delivery ...
  Benchmark U.S. crude oil for May delivery rose 28 cents to $85.43 per barrel Wednesday. Brent crude for June delivery rose 43 cents to $89.35 per barrel.
  
  Wholesale gasoline for May delivery was unchanged at $2.76 a gallon. May heating oil rose 2 cents to $2.73 a gallon. May natural gas fell 2 cents to $1.84 per 1,000 cubic feet.
  
  
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• Dow Jones finishes with third straight day of losses, S&P 500 books slight gain
  U.S. stocks finished mixed on Wednesday as investors weighed remarks...
  U.S. stocks finished mixed on Wednesday as investors weighed remarks from Fed Chairman Jerome Powell against strong U.S. economic data that suggests the need for higher-for-longer interest rates.
  
  The Dow Jones Industrial Average finished down by 43.10 points, or 0.1%, at 39,127.14 for its third straight session of losses, based on preliminary data. It had been up by as much as 135.52 points earlier in the day.
  
  The S&P 500 closed up by 5.68 points, or 0.1%, at 5,211.49 for its first advance in three sessions.
  
  The Nasdaq Composite ended up by 37.01 points, or 0.2%, at 16,277.46.
  
  
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• Oklahoma’s oil and gas tax revenue fell in March
  The amount of gross production tax revenue from Oklahoma’s oil and...
  The amount of gross production tax revenue from Oklahoma’s oil and gas production took another hit in March. State Treasurer Todd Russ reports the tax totaled $1.12 billion, down $901.2 million or 44.6% for the same 12-month period. He said total tax receipts for the past year through March came to $16.85 billion, a decline of 4.5% or $787 million.
  
  Compared to February, Oklahoma’s gross receipts totaled $1.34 billion, up $153.33 million or 12.9% from February. While oil and gas gross production tax revenue was down more than 12%, motor vehicle taxes increased by $8.9 million or 11.7%.
  
  Source: OK Energy Today
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