OklahomaMinerals.com

Snippets

• ConocoPhillips CEO Ryan Lance Calls LNG Pause ‘Shortsighted’
  ConocoPhillips Chairman and CEO Ryan Lance joined a chorus of oil and...
  ConocoPhillips Chairman and CEO Ryan Lance joined a chorus of oil and gas executives calling out U.S. President Joe Biden’s recent decision to pause LNG export applications, saying the decision is “shortsighted in the short-term.”
  
  “But it's unfortunate, it's clearly more politically driven than fundamental, but I think we feel pretty good. It just makes us feel a little bit better about what we're doing on the LNG side because of what we do have permitted,” Lance said.
  Read More
• Natural Gas Storage Forecast
  Yesterday, the prompt-month contract settled at $1.689/MMBtu, off the...
  Yesterday, the prompt-month contract settled at $1.689/MMBtu, off the $1.654 intraday low, with more losses expected without cold weather to support a boost in demand and trim the natural gas inventory surplus ahead of the injection season.
  
  Further depressing the market is the anticipation that the mild weather would result in another modest withdrawal from natural gas inventories when the U.S. Energy Information Administration (EIA) releases Thursday inventory data for the week ending Feb. 9.
  
  NGI — on target with its 75-Bcf withdrawal estimate for the week to Feb. 2 — modeled a 68 Bcf drawdown from natural gas storage for the next EIA print. Early estimates from Reuters ranged from withdrawals of 50 Bcf to 87 Bcf, with an average decrease of 75 Bcf. 
  
  A pull within expectations would compare bearishly against a withdrawal of around 117 Bcf during the same week last year and a five-year average decrease of about 149 Bcf. With the warmer weather trends for late February, inventory surpluses could balloon toward 400 Bcf, NatGasWeather said. 
  Read More
• Leaders met in Cairo to negotiate a Gaza cease-fire agreement
  CIA Director William Burns ...
  CIA Director William Burns held talks with Egyptian President Abdel Fattah Al-Sisi, Qatari Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani, and David Barnea, the head of Israel’s Mossad intelligence agency, in an attempt to advance negotiations between Israel and Hamas. National Security Council Spokesperson John Kirby told reporters that talks were “moving in the right direction” but cautioned that “nothing is done until it is all done.” President Biden said the US-brokered deal would free hostages and pause fighting for about six weeks.
  Read More
• ☕️What Else is Brewing Wednesday Morning
  House Republicans impeached Alejandro Mayorkas on their second try. The Homeland Security...
  House Republicans impeached Alejandro Mayorkas on their second try. The Homeland Security Secretary was impeached by a single vote on Tuesday night, preventing a second embarrassment for House GOP members after their first attempt to punish Mayorkas for his alleged mishandling of the southern border failed. Republicans tried for months to impeach Mayorkas, even though bipartisan legal scholars say his actions do not constitute “high crimes and misdemeanors” required for a conviction, while many observers argue the impeachment attempt itself is unconstitutional. Mayorkas is now the first sitting cabinet member in US history to be impeached. The charges are likely to be rejected in the Senate.
  
  OpenAI is testing a new ChatGPT feature that gives the chatbot the ability to remember information about users from one interaction to the next.
  
  Elon Musk denied reports that Starlink is selling terminals to Russia amid its invasion of Ukraine.
  
  Netflix will hold its first in-person upfront presentation for advertisers in May as it builds out its cheaper, ad-supported subscription tier.
  
  Paramount Global cut 800 jobs, or about 3% of its workforce, just two days after its network, CBS, garnered record-breaking Super Bowl ratings.
  
  Katy Perry announced she’s leaving American Idol at the end of this season, after seven seasons as a judge on the reality singing show.
  Read More
• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for March delivery ...
  Benchmark U.S. crude oil for March delivery rose 95 cents to $77.87 per barrel Tuesday. Brent crude for April delivery rose 77 cents to $82.77 per barrel.
  
  Wholesale gasoline for March delivery rose 2 cents to $2.39 a gallon. March heating oil fell 2 cents to $2.90 a gallon. March natural gas fell 8 cents to $1.69 per 1,000 cubic feet.
  
  
  Read More

• Prev
• Next