The American Petroleum Institute (API) on Tuesday reported a build of 377,000 barrels of crude...
The American Petroleum Institute (API) on Tuesday reported a build of 377,000 barrels of crude with analysts expecting a 1.3MM barrel draw. The total number of barrels of crude oil gained so far this year is still more than 49 million barrels.
This week, SPR inventory dropped for the second week in a row losing 1.6 million barrels for the week to reach 369.6 million barrels—the lowest amount of crude oil in the SPR since November 1983.
Gasoline inventories rose by 450,000 barrels after falling in the week prior by 3.970 million barrels. Distillate inventories fell by 1.98 million barrels after decreasing by 3.693 million barrels in the week prior.
Inventories at Cushing, Oklahoma, decreased by 1.36 million barrels—after falling 1.035 million barrels last week.
Dow scores 4-day win streak, but S&P 500 ends flat ahead of inflation data, bank earnings
U.S. stock indexes closed mostly lower on Tuesday as investors cautiously looked ahead to March inflation...
U.S. stock indexes closed mostly lower on Tuesday as investors cautiously looked ahead to March inflation data due Wednesday that could help determine the Federal Reserve’s next interest-rate move.
Corporate earnings reporting season also is set to kick off in earnest on Friday.
The S&P 500 SPX, -0.00% closed less than a point lower at 4,108.94, snapping a two-day winning streak.
Dow Jones Industrial AverageDJIA, +0.29% added 98.27 points, or 0.3%, to close at 33,684.79, advancing for the 4th session in a row and finishing at its highest since Feb. 17, according to Dow Jones Market Data.
Nasdaq CompositeCOMP, -0.43% dropped 52.47 points, or 0.4%, finishing at 12,031.88.
Geothermal energy the focus of Energy Secretary’s visit to OU
When Energy Secretary Jennifer Granholm came to Oklahoma last week, it wasn’t just to deliver a $7...
When Energy Secretary Jennifer Granholm came to Oklahoma last week, it wasn’t just to deliver a $7 million research grant to Oklahoma State University but to also talk with tribal leaders and the University of Oklahoma about converting their hydraulic fracking wells to thermal wells.
Geothermal energy has been the focus of scientific research at OU and last year scientists began a study of heating schools in Tuttle with geothermal heat. Granholm, accompanied by second gentleman Doug Emhoff, was interested in the development of harnessing geothermal energy for the benefit of tribal communities.
EIA: Pa.'s gas output posts first annual drop in 17 years
Pennsylvania's marketed natural gas output slipped by...
Pennsylvania's marketed natural gas output slipped by 2% to 20.5 Bcf/d in 2022, marking the first annual decline in production since 2005, the Energy Information Administration reported. The lack of new intrastate pipeline capacity, along with a slowdown in drilling activity amid producers' stronger emphasis on capital discipline, contributed to the decrease, according to the EIA.
