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 …
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…
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 …
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…
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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Oklahoma U.S. Sen. James Lankford has introduced an amendment to the Senate energy bill to completely end federal renewable energy production tax credits by the end of 2031. Under his amendment, 2019 would be the last year a project could qualify for a…
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…
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…
