OklahomaMinerals.com

Snippets

• ☕️What Else is Brewing Monday Morning
  Government shutdown looms: Tell us if you’ve heard this one before—the government...
  Government shutdown looms: Tell us if you’ve heard this one before—the government is set to shut down at midnight on Friday, and lawmakers are scrambling to pass a spending bill to keep the government open. On Saturday, House Speaker Mike Johnson unveiled a complex plan to fund the federal government; a vote could come as soon as tomorrow.
  
  A study showed the weight loss drug Wegovy—a high-dose version of the diabetes treatment Ozempic—reduced the risk of serious heart problems and stroke by 20%.
  
  The FBI is investigating whether NYC Mayor Eric Adams pushed for the opening of a Manhattan high-rise built by the Turkish government in 2021, before his election.
  
  Texas A&M fired head football coach Jimbo Fisher and will have to pay him the more than $76 million remaining on his contract through 2031.
  Read More
• Calif. facility pulls greenhouse gases out of the air
  The Central Valley of California is the site of the first US plant that sucks carbon dioxide from the...
  The Central Valley of California is the site of the first US plant that sucks carbon dioxide from the skies for the purpose of sealing it permanently in concrete. Heirloom Carbon Technologies hopes to spread its technology by "copying and pasting this basic design" to harvest millions of tons of greenhouse gases. A plant similar to Heirloom's is operating in Iceland.
  Read More
• LNG trade routes shift amid Panama Canal crunch
  Escalating fees and restrictions are prompting liquefied natural gas shippers to choose longer routes...
  Escalating fees and restrictions are prompting liquefied natural gas shippers to choose longer routes that bypass the Panama Canal. Bloomberg data show that the Cape of Good Hope has emerged as the preferred route among LNG shippers for the first time in two years.
  Read More
• US drillers cut oil rigs to lowest since Jan 2022 for second week
  U.S. energy firms this week cut the number of oil rigs operating for a second week in...

  U.S. energy firms this week cut the number of oil rigs operating for a second week in a row to the lowest since January 2022, energy services firm Baker Hughes said in its closely followed report on Friday.

  
  

  The combined oil and natural gas rig count, traditionally an early indicator of future output, fell by two to 616 in the week to Nov. 10, the lowest since February 2022, which puts the total rig count down 163, or 21%, below this time last year.

  
  

  The number of active rigs has dropped since December due to weaker energy prices and as many firms return profits to investors and pay down debt rather than spending to boost production. However, U.S. oil and gas production is still set to hit record highs this year as demand grows and the industry boosts efficiency to offset the impact of the lower prices.

  
  

  The number of oil rigs fell by two to 494 this week, while gas rigs were unchanged at 118.

  
  

  

  Read More
• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for December delivery...
  Benchmark U.S. crude oil for December delivery rose $1.43 to $77.17 per barrel Friday. Brent crude for January delivery rose $1.42 to $81.43 per barrel.
  
  Wholesale gasoline for December delivery rose 3 cents to $2.19 a gallon. December heating oil rose 2 cents to $2.74 a gallon. December natural gas fell 1 cent to $3.03 per 1,000 cubic feet.
  
  
  Read More

• Prev
• Next