Oklahoma’s Oilfield Prayer Breakfast is set for October 19 at the Tower Hotel (formerly the Marriott Hotel) located at 3233 Northwest Expressway. Richard Spears, managing director of Spears and Associates and a member of Christ Presbyterian Church of Tulsa, is the keynote speaker, according to a report by The Oklahoman. The event will conclude with …
Category: Oil & Gas
Crude Oil Futures Rally on Thursday as TS Nate Strengthens to Hurricane Status
Crude prices rebounded on Thursday after falling below $50 a barrel as a potential hurricane threatened to enter the Gulf of Mexico, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, November West Texas Intermediate crude rose 81 cents, or 1.6%, to settle at $50.79 a barrel. December Brent crude, the global oil benchmark, rose $1.20, …
WTI Settles Below $50 a Barrel on Wednesday
It was a bumpy ride on Wednesday as oil futures continued on a downward spiral despite a larger-than-expected weekly drop in domestic crude supplies, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, November West Texas Intermediate crude shed 44 cents, or 0.9%, to settle at $49.98 a barrel. Prices settled below $50 a barrel …
Crude Oil Futures Dip on Tuesday as WTI Remains Above $50 a Barrel
Oil prices continued to tumble on Tuesday, ahead of the weekly data reports which are expected to show a second consecutive weekly decline in domestic crude inventories, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, November West Texas Intermediate crude fell 16 cents, or 0.3%, to settle at $50.42 a barrel. December Brent …
Energy Secretary Pushes for Faster Approval of Oil and Gas Pipelines
Saying the Permian Basin is an example of pipeline challenges, Energy Secretary Rick Perry is pushing for more and faster construction of oil and gas pipelines in the U.S. He wants to streamline the approval process, hoping new lines will help the flow of oil out of the west Texas oil play. It’s a critical …
Crude Oil Futures Lose Ground on Monday as OPEC Compliance Drops to 86% for September
Crude oil futures dropped to the lowest settlement in more than a week on Monday, as data suggested a double-digit decline in OPEC’s compliance with the production curb agreement, according to Bloomberg MarketWatch. November West Texas Intermediate crude plunged $1.09, or 2.1%, to settle at $50.58 a barrel on the New York Mercantile Exchange. December …
Oil Futures Rise on Friday as Tensions Mount in Iraq Following Independence Referendum
Oil prices climbed on Friday as investors considered the potential fallout from the independence referendum in Iraq, according to Bloomberg MarketWatch. November West Texas Intermediate crude added 11 cents, or 0.2%, to settle at $51.67 a barrel on the New York Mercantile Exchange. For the week, WTI was up nearly 7.7% and saw a quarterly rise …
Oklahoma’s Rig Count Slips while National Count Grows
While the U.S. added to its weekly oil and gas rig count, Oklahoma’s count dropped by three to hit 124, according to figures from Baker Hughes Company. The latest oil and gas rig count report showed the national count is at 940 which showed an increase in oil rigs where the count is up to …
Oil Futures Down on Thursday But Stay Afloat Over $51 a Barrel
Oil futures retreated on Thursday after a climb in the previous session but managed to keep some of the positive momentum, according to Bloomberg MarketWatch. West Texas Intermediate crude for November delivery fell by 58 cents, or 1.1%, to settle at $51.56 a barrel on the New York Mercantile Exchange. November Brent crude, the global …
Crude Oil Futures Settle Above $52 a Barrel on Wednesday
While West Texas Intermediate crude oil futures settled higher, Brent crude futures slid on Wednesday after U.S. government data revealed an unexpected decline in inventories, according to Bloomberg MarketWatch. November West Texas Intermediate crude rose 26 cents, or 0.5%, to settle at $52.14 a barrel on the New York Mercantile Exchange. November Brent crude, the global …