February 9, 2023 archive

Federal Bank report shows slowdown in region’s energy sector

  A new Federal Reserve Bank report from Kansas City indicated the energy sector in the 10-state region that includes Oklahoma slowed slightly for the week ending January 27. Crude oil prices, both WTI and Brent, were down 8.6% and 7.6% respectively over the last quarter. Henry Hub natural gas spot prices were down nearly …

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Other stories and their headlines

** A federally sanctioned propane trade association, the Propane Education and Research Council (PERC), is refusing to disclose records about its operations, despite its obligations to do so under the Propane Education and Research Act. ** Solar is set to make up half of new U.S. electric generation installed this year, followed by battery storage, while the pace …

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Another gain in crude oil stored at Oklahoma’s Cushing Hub

  The nation’s growing buildup of stored crude oil is reflected again at the Cushing Hub in northern Oklahoma where the amount rose over the past week. The U.S. Energy Information Administration reported the Cushing Hub, as of February 3, held 39.1 million barrels of crude oil. It represented an increase of 1.1 million barrels …

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