OklahomaMinerals.com

Snippets

• Israel agrees to four-hour pauses in northern Gaza
  Israel will “begin to implement four-hour pauses in areas of northern Gaza each day, with an announcement...
  Israel will “begin to implement four-hour pauses in areas of northern Gaza each day, with an announcement to be made three hours beforehand,” White House spokesman John Kirby told reporters on Thursday. The pauses are meant to help civilians to depart areas of active hostilities, to increase the flow of aid and to enable hostage releases, according to Kirby.
  Read More
• Energy Sector Commentary for Thursday
  Energy stocks are set to rebound...

  Energy stocks are set to rebound from recent weakness as some stabilization in oil and natural gas prices lends support, as does higher broader index futures.  The final stages of earnings season are wrapping up, with a handful of earnings across E&Ps and Canadian integrated companies, while investors will continue to monitor FOMC commentary on the state of the economy and interest rates.

  
  

  The Brent crude oil benchmark hovered above $80 a barrel on Thursday, with demand concerns and a waning war-risk premium having triggered a selloff over the past week. The uptick comes after both benchmarks dropped to their lowest since mid-July on Wednesday as worry over possible supply disruptions in the Middle East eased and concern over U.S. and Chinese demand intensified. Brent is nearly $20 a barrel lower than its September peak. "It might be that this near-oversold status is causing a hiatus in selling this morning," said John Evans of oil broker PVM, adding that there was little positive news overnight and that the week's earlier losses reduced the impact of the latest Chinese data.

  
  

  Natural gas futures are higher by nearly 1% on sympathy buying crude and oversold technicals.  Inventory data will be skipped this week as the EIA upgrades its systems.  Data will resume next week.

  Read More
• EIA cuts US oil production forecast for 2023
  The Energy Information Administration has revised down its...
  The Energy Information Administration has revised down its US oil and natural gas projections for 2023 to 12.9 million barrels per day and a record 103.68 Bcf/d, respectively. While petroleum consumption is expected to decrease to 20.1 million bpd, the agency has raised its 2023 estimates for US gas demand and average liquefied natural gas exports to 89.42 Bcf/d and 11.80 Bcf/d, respectively.
  Read More
• ☕️What Else is Brewing Thursday Morning
  Historybook: Napoleon Bonaparte leads coup and became dictator of France (1799); Actress...
  Historybook: Napoleon Bonaparte leads coup and became dictator of France (1799); Actress and inventor Hedy Lamarr born (1914); Astronomer Carl Sagan born (1934); First issue of Rolling Stone published (1967).
  
  > Amazon introduces discounted One Medical membership for Prime members at $9 per month, or $99 per year; Amazon acquired primary care clinic operator One Medical last year for $3.9B (More) | General Motors' self-driving vehicle business Cruise recalls 950 robotaxis over software issues (More)
  
  Citigroup was fined $26 million for discriminating against Armenian American credit card applicants, whom it characterized as prone to fraud.
  
  Ivanka Trump testified that she wasn’t involved in putting together the financial statements at the heart of the New York civil fraud trial against her father and brothers.
  
  The rate for a 30-year mortgage finally fell last week with its biggest drop in over a year, spurring an uptick in new applications.
  Read More
• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for December delivery...
  Benchmark U.S. crude oil for December delivery fell $2.04 to $75.33 per barrel Wednesday. Brent crude for January delivery fell $2.07 to $79.54 per barrel.
  
  Wholesale gasoline for December delivery fell 4 cents to $2.13 a gallon. December heating oil fell 9 cents to $2.75 a gallon. December natural gas fell 3 cents to $3.11 per 1,000 cubic feet.
  
  
  Read More

• Prev
• Next