Category: Oil & Gas

Other headlines of energy stories

** OPEC+ announced it’ll slash output by 2 million barrels per day (bpd) on Wednesday (Oct. 5), the biggest cut since the pandemic started in 2020. The White House’s reaction was swift, calling the decision “shortsighted” and accusing the oil cartel of “aligning with Russia.” ** President Biden on Wednesday said he would release 10 million more barrels …

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New Mexico congressional candidate changes tune about oil and gas

     A Democratic candidate for Congress from New Mexico finds himself in a quandary as election time approaches. Should he stand by his 2018 call for an immediate end to oil and gas production or tell voters, the oil and gas industry is really important to New Mexico? Guess what Gabe Vasquez, a former …

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Regulators to consider OGE request

  Oklahoma Corporation Commissioners will meet Thursday morning to consider the annual fuel cost adjustment request for Oklahoma Gas and Electric Company. The hearing concerns Case No. PUD2022-000097 and a recommendation of the Commission’s Public Utilities Division. The meeting starts at 9:30 a.m.  

OPEC+ cuts production while crude prices rose and OK energy stocks made gains

  Crude oil prices rose again Wednesday in response to the decision by OPEC+ to cut oil production by an amount even larger than many had speculated. The cut by the oil-exporting countries was seen as a move to support sagging oil prices, but it could also deal another blow to a struggling global economy. …

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Senators tell Biden it’s time to end his war on oil and gas

  Senator James Lankford (R-OK), who serves on the Senate Energy and Natural Resources Committee, joined Senator Bill Cassidy, M.D. (R-LA) to lead a group of Republican senators in demanding the Biden Administration end its assault on domestic oil and gas production and continue to sell oil and gas leases on federal land and water. The …

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Headlines of more energy stories

** White House officials have asked the US Energy Department to analyze the possible impacts of a ban on exports of gasoline, diesel and other refined petroleum products, an indication that the controversial idea is gaining traction in some parts of the Biden administration. ** Monica Medina, the wife of White House chief of staff Ron Klain, …

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ONEOK plans a release of 3Q report in early November

    ONEOK, Inc.  will release third quarter 2022 earnings after the market closes on Nov. 1, 2022. ONEOK’s executive management will participate in a conference call the following day. The Nov. 2 conference call will be held at 10 a.m. Central Time The focus will be whether the utility was successful in building on …

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Oil company executives report sales of shares

  Executives at two Oklahoma energy companies, Laredo Petroleum and Devon Energy filed government reports this week reflecting large sales of shares in their firms. Laredo Petroleum President and CEO Jason Pigott recently sold off more than $250,000 of his shares in the company. Pigott filed a report this week with the Securities and Exchange …

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Surging gasoline prices in some states but not in Oklahoma

  Gasoline prices rose on average 7 cents a gallon in the past week across the nation, reaching a new average price of $3.80 according to the American Automobile Association. In Oklahoma, the average price  dropped 3 cents to $3.45 per gallon, still 8 cents more than one month earlier. Prices in Oklahoma City fell …

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Crude oil prices and OK energy stocks recorded more gains in Tuesday’s trading

  For a second consecutive day on Tuesday, crude oil prices recorded significant gains as did most Oklahoma energy stocks. The gain in crude came a day before an anticipated large cut in crude oil output from the OPEC+ producer group.   West Texas Intermediate crude for November delivery went up $2.89 or nearly 3.5% …

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