OklahomaMinerals.com

Snippets

• Funding gaps hinder Trump's SPR refill plan
  Despite promising to restore the Strategic Petroleum Reserve to full...
  Despite promising to restore the Strategic Petroleum Reserve to full capacity, the Trump administration has made little progress toward this goal as budget cuts and absent congressional appropriations stall crude purchases. The Energy Department's recent acquisition of 1 million barrels covers less than 1% of the shortfall. Low oil prices offer a chance to rebuild the reserve at a discount before markets tighten, though Energy Aspects Director of Research Amrita Sen noted that "[b]ecause of the shale growth that's happened, the US doesn't need to hold like, 700 million barrels in the SPR anymore."
  Read More
• DAILY OIL PRICE: November 6, 2025
  Crude Oil: 59.43   (-0.17)....
  
  
  • Crude Oil: 59.43   (-0.17).
  
  
  • Nymex MTD AVG: 60.4333.
  
  
  • Natural Gas: 4.357   (+0.125).
  
  
  • Gasoline: 1.9656   (+0.0563).
  
  
  • Spreads: December/January (+0.13)     January/February (+0.16).
  
  
  • Plains WTI Posting: 55.91   (-0.17).
  
  

  
  Source: Odessa American
  
  
  Read More
• U.S. stocks close sharply lower as investors question valuations and jobs market
  The three major U.S. stock indexes ended lower on Thursday....

  The three major U.S. stock indexes ended lower on Thursday.

  
  

  With stocks still pretty close to all-time highs, investors used Thursday as a chance to take some risk out of their portfolios. A report from Challenger, Gray & Christmas had some observers worried about the state of the U.S. labor market, and even though corporate earnings have been mostly good, some investors have started to doubt that high valuations are justified.

  
  

  The Dow Jones Industrial Average fell 0.8%, according to preliminary data from FactSet.

  
  

  The S&P 500 was down about 1.1%.

  
  

  The Nasdaq Composite was down around 1.9%

  Read More
• Mix of factors lifts Atlantic, Pacific LNG freight rates
  Limited vessel availability, delivery delays to Egypt and rising winter...
  Limited vessel availability, delivery delays to Egypt and rising winter demand have pushed liquefied natural gas shipping rates to multi-month highs in both the Atlantic and Pacific basins. Atlantic freight rates for two-stroke LNG carriers jumped more than 50% in a week to $61,750 a day on Monday, the highest since August 2024, while Pacific rates for similar vessels rose to $42,250 on Tuesday, their strongest since late June, according to Spark Commodities. Analysts said longer US-Asia voyages and sparse November tonnage could keep rates elevated into winter.
  Read More
• Fossil fuels regain ground as energy discourse evolves
  At the ADIPEC conference in Abu Dhabi, energy leaders declared a marked...
  At the ADIPEC conference in Abu Dhabi, energy leaders declared a marked pivot away from the strict "energy transition" discourse toward an "energy addition" strategy that involves developing renewable technologies alongside fossil fuels. The narrative shift reflects growing recognition that soaring electricity demand from AI, data centers and population growth requires every available energy source. American Petroleum Institute President and CEO Mike Sommers echoed the sentiment, saying the industry is "transitioning from the energy transition" as leaders confront the massive energy needs of the digital age.
  Read More

• Prev
• Next