September 20, 2016 archive

Congress to Investigate Energy Department Intimidation

Some Oklahoma congressmen will be focusing on energy issues as they take part in U.S. House Committee hearings to be held this week. Rep. Markwayne Mullin, a member of both the Subcommittee on Commerce, Manufacturing and Trade and the Subcommittee on Energy and Power will take part in a Thursday joint hearing. It will examine …

Continue reading »

WPX Energy Trims Tulsa Workforce by 41

WPX Energy is trimming its workforce again. The oil and natural gas producer is cutting 41 additional jobs in Tulsa, which represents 6 percent of the company’s workforce, according to an announcement on Monday. The cuts affect service-related positions related to measurement, land, marketing, finance, accounting, human resources and information technology. WPX said it will …

Continue reading »

WTI and Brent Recoup Losses on Monday With Albanian OPEC Meeting Set for Next Week

Oil futures edged slightly higher on Monday, buoyed by Venezuelan reports that suggest a deal to stabilize the global oil supply is imminent between nations inside and outside OPEC, according to Bloomberg MarketWatch. October West Texas Intermediate crude added 27 cents, or 0.6%, to settle at $43.30 a barrel on the New York Mercantile Exchange. November …

Continue reading »