OklahomaMinerals.com

Snippets

• Dow Jones ends up 370 points as stocks recover from 2-day selloff
  U.S. stock indexes finished higher on Thursday, on the heels of Wall...
  U.S. stock indexes finished higher on Thursday, on the heels of Wall Street’s worst two-day decline since October, as investors awaited earnings reports from three mega-cap technology companies after the closing bell: Apple Inc., Amazon.com and Meta Platforms.
  
  The S&P 500 SPX rose 60.54 points, or 1.3%, to end at 4,906.19, snapping its two-day losing streak, according to Dow Jones Market Data.
  
  The Dow Jones Industrial Average DJIA added 369.54 points, or nearly 1%, to finish at 38,519.84, setting a record for the blue-chip index.
  
  The Nasdaq Composite COMP surged 197.63 points, or 1.3%, ending at 15,361.64.
  
  
  Read More
• Energy Sector Commentary
  Energy stocks opened in the green following...

  Energy stocks opened in the green following yesterday’s sharp sell-off, as higher oil prices and strength in the broader benchmarks lend support.  Earnings continue to pick up across the sector.  Shell announced the commencement of a share buyback program and intends to raise its dividend.

  
  

  Oil prices are higher, rebounding from yesterday’s steep losses.  OPEC+ JMMC will not make any changes to the current production policy following a meeting this morning.

  
  

  Natural gas futures are up half a percent as traders await weekly inventory data.  Analysts expect a draw of 194 bcf.

  Read More
• US crude inventories rise, distillate stocks fall on cold weather
  U.S. crude stocks rose last week as refineries recovered from freezing...
  U.S. crude stocks rose last week as refineries recovered from freezing weather, the Energy Information Administration said on Wednesday.
  
  Crude inventories rose by 1.2 million barrels to 420.7 million barrels in the week ended January 26, the EIA said, compared with analysts' expectations in a Reuters poll for a 217,000-barrel draw.
  
  Crude stocks at the Cushing, Oklahoma, delivery hub fell by 2 million barrels last week, the EIA said.
  Read More
• Marathon Petroleum upbeat for 2024 after Q4 success
  Marathon Petroleum offered a positive outlook for the US refining industry...
  Marathon Petroleum offered a positive outlook for the US refining industry in 2024 after reporting better-than-expected fourth-quarter profits and revenue on robust refined product margins and high refinery utilization rates. However, the company expects to reduce capacity utilization to 83% this quarter, down from 91% last quarter, for maintenance at major refineries.
  Read More
• Element3 Extracts Lithium from Permian's Double Eagle Wastewater
  Element3, a Fort Worth, Texas-brd critical material...
  Element3, a Fort Worth, Texas-brd critical material extraction company, said it has successfully extracted lithium chloride from oil and gas wastewater in the Permian Basin.
  
  The accomplishment, which involved the utilization of a patent-pending direct lithium extraction (DLE) technology, paves a path toward unlocking a U.S. source of lithium using the billions of gallons of wastewater generated by the oil and gas industry. The field test was conducted with wastewater from a Double Eagle Energy Holdings subsidiary’s produced water recycling facility.
  Read More

• Prev
• Next