WTI Slips Below $30 a Barrel on Tuesday

As the specter of a production cut by OPEC and other global producers fades, U.S. crude slipped below $30 a barrel on Tuesday. March West Texas Intermediate crude lost $1.74 to end trade at $29.88 on the New York Mercantile Exchange. April Brent crude …

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Lawmakers Want to Close Budget Gap by Closing Internet Sales Tax Loophole

To help bridge the funding gap left behind by dwindling oil and gas tax revenues, two Oklahoma lawmakers want to close an Internet sales tax loophole. Rep. Chad Caldwell and Rep. Jason Dunnington have filed House Bill 2925, the Oklahoma Retail Protecti…

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Iran Sanctions Bill Gains Support from Congressman Lucas

As Iran readies its oil supplies to join the global markets, Congress is working to keep certain long-held sanctions in place. Congressman Steve Russell has led the effort through his bill, The Iran Terror Finance Transparency Act. In effect, it would …

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Blueknight Energy Partners Expands Its Asphalt Business

Blueknight Energy Partners announced it was expanding its asphalt business with the acquisition of two asphalt terminalling facilities in Wilmington, North Carolina, and Dumfries, Virginia. The Oklahoma City company is buying the assets from Axeon Spec…

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Class Action Lawsuit Filed over Williams, ETE Merger

A Tulsa law firm has filed a federal class action lawsuit against Williams and Energy Transfer Equity for allegedly misrepresenting aspects of their proposed merger. Pinkerton Law filed the class action lawsuit, John Bumgarner v. The Williams Companies…

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Cruz Wins Iowa Despite Ethanol Debate

He didn’t support the renewable fuel standard while Donald Trump supported the ethanol industry and criticized him for it. Yet it was Texas Sen. Ted Cruz who walked away Monday night with the win in the Iowa caucuses. Trump used Cruz’s stance over etha…

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Gasoline Reaches $1.50 Average in Oklahoma

Oklahoma’s gasoline prices are down to a statewide average of $1.50 while the national average is at $1.79, according to the latest Fuel Gauge Report issued by AAA Oklahoma.
“Oklahoma’s pump prices are mimicking the national downward trend, although t…

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Democrats Criticize Governor for Not Discussing Earthquakes in Annual Address

Yes, OK Energy Today wasn’t the only one to notice how Governor Mary Fallin did not mention the word ‘earthquake’ in her Monday State of the State address. So did Democrats in the State House where Rep. Scott Inman, the House Minority Leader made menti…

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Kingfisher and Stephens Counties Site of Large Producing New Wells

Those $35 a barrel oil prices aren’t stopping production by energy companies in Oklahoma as some are reporting 1,400 a barrel a day wells in the state according to the Completion Reports published on OK Energy Today.
Newfield Exploration of Hous…

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China Ruins Crude Price Rally on Monday

Signals of a weakening Chinese economy halted the crude oil price rally on Monday. March West Texas Intermediate crude dropped $2 to end trade at $31.62 a barrel on the New York Mercantile Exchange. On the London ICE Futures Exchange, April Brent crude…

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