A day after crude oil prices rose in the wake of Israel’s declaration of war against Hamas, they settled a little lower on Tuesday. Observers say the concerns about potential supply disruptions eased as both Brent crude and WTI were down for the day. West Texas Intermediate crude finished down 41 cents at $85.97 …
Oklahoma U.S. Sens. James Lankford and Markwayne Mullin say severe sanctions should be put immediately on Iran for its support and role in the deadly attacks by Hamas on Israel and at the same time, rescind the recent decision to free $6 billion in frozen funds to Iran. They and 16 other Senate Republicans …
Williams Cos. won its 7-year legal fight over the failed $33 billion merger with Energy Transfer. The Delaware Supreme Court not only gave the Tulsa-based company the legal victory but $495 million to boot. Energy Transfer got the blame as the high court said the Dallas-based company controlled by billionaire Kelcy Warren was to …
The roller-coaster ride taken by Oklahoma oil and gas companies in the past several years is obvious when a deeper dive is taken into the values of their shares. Some have risen from 95-cents per share to $25 while others saw their values plunge from $121 to $46. Oklahoma City-based Chesapeake Energy has been …
With nearly $7 billion in funding at stake, states such as Oklahoma, Arkansas and Louisiana are wondering when the Department of Energy will finally announce its selection of regional clean hydrogen hubs. It was September 2022 when the DOE’s Office of Clean Energy Demonstrations opened applications for the funding in an effort to form …
The war declared by Israel against Hamas sent crude oil prices up on Monday, but what about the impact on gasoline prices? Some experts believe it will be minimal because Israel is not a major supplier of crude oil. So prices at the pump could continue to fall as they slid 14 cents a …
It’s no secret the Biden administration is anti-oil and gas and a new report confirms how the President’s energy stance has resulted in a record low number of new offshore oil wells in the Gulf of Mexico. With the advent of the war in Israel and the resulting impact on crude oil prices worldwide, …
The price-gouging lawsuit brought by the Kansas Attorney General following the February 2021 Winter Storm Uri, one that eventually led to a similar suit filed by the attorney general in Oklahoma, was thrown out on a technicality. Kansas AG Kris Kobach filed the suit in a County district court then transferred it to a …
An approaching solar eclipse has the attention of the operators of ERCOT, the Texas grid. They’re curious whether the Saturday eclipse might present new challenges such as possible blackouts because of a lack of solar power. One engineering expert suggests that if the eclipse happens on a scorching day when the grid relies heavily …
U.S. crude oil exports in the first half of 2023 averaged 3.99 million barrels per day (b/d), which is a record high for the first half of a year since 2015, when the U.S. ban on most crude oil exports from the United States was repealed. In the first half of 2023, crude …
