April 10, 2022 archive

Crude prices recorded gains on Friday

  After a 2% increase in oil prices on Friday, investors await Monday’s trading day to see what happens after countries announced plans to release crude oil from their strategic stocks. West Texas Intermediate crude for May delivery went up $2.23 to $98.26 a barrel on Friday at the New York Mercantile Exchange. Global benchmark …

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Canoo EV plant opening delayed for two years

  Oklahoma will have to wait nearly another two years before the Canoo EV plant planned near Pryor will be open for production. The company has pushed back the projected opening date for the factor to 2024 reported The Frontier. Click here for The Frontier

ONG bond case faces challenge from former legislator

  Former Broken Arrow legislator Mike Ritze has filed a challenge to a utility seeking millions of dollars in storm relief through the ratepayer backed-bond process called securitization. Ritze filed a challenge to the $1,450,000,000  in ratepayer-backed bonds sought by Oklahoma Natural Gas Company through the Oklahoma Development Finance Authority. The request was filed in …

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