The increase in U.S. crude stocks by 3.6 million barrels in the past week was responsible in part of a big drop in crude oil prices on Wednesday. The Cushing Hub also saw a gain of 1.9 million barrels from the prior week. Nationally, crude stocks totaled 439.4 million barrels, reported the U.S .Energy …
A bigger-than-expected increase in U.S. crude inventories sent crude oil prices tumbling more than 1.5% on Wednesday. Mounting worries about demand in Asia were also said to be responsible for the price plunge. West Texas Intermediate crude fell $1.60 or 2% a barrel to settle at $76.66 on the New York Mercantile Exchange. Global …
The forecast isn’t looking good for much rainfall to end the dry conditions in the northwest part of Oklahoma and extending into the Panhandle. Gary McManus, State Climatologist wrote in his Wednesday weather update the 30-day rainfall maps from the Mesonet “are particularly dreary.” As he aptly pointed out, Boise City, Eva and Hooker …
Public Service Company of Oklahoma (PSO) issued a utility scam warning Wednesday to customers as part of Utility Scam Awareness Day. PSO customers have reported scams or attempted scams 255 times so far this year, including 18 times in October. Those numbers are below comparable 2022 numbers. Utility Scam Awareness Day is an annual …
Even as EV maker Canoo announced this week it had delivered the first of its cars to the state of Oklahoma, the company also reported a net loss of $112 million in the third quarter of the fiscal year. It also slashed spending plans for the remainder of the year. The firm said the …
Oklahoma City’s Gulfport Energy finds itself in the middle of a legal battle in Ohio where it was sued over its fracking operations in the Utica Shale. At stake are judgments totaling millions of dollars. The shale is where Gulfport has focused many of its drilling efforts and the company was sued by a …
No renewable energy projects such as wind and solar farms will be allowed in one south central Kansas County. Harvey County Commissioners voted unanimously this week in support of regulations banning commercial wind and utility-scale solar renewable energy projects. Newton,Kansas, known for one of the Amtrak rail passenger stops in Kansas and the discussion …
Electric car maker Canoo announced this week it had delivered its first Made in Oklahoma electric vehicles to the state of Oklahoma. The company called it a milestone marking the start of its phased-ramp manufacturing in the state and the shipment of Lifestyle Delivery Vehicle models to key customers and partners. The announcement quoted …
As the top investment officer for the state of Oklahoma, State Treasurer Todd Russ recently reported his office had more than $15 billion for investment at market value. In a September financial update, Russ said the investments totaled $15,478,093,190 including State Treasurer’s investments of $12,000,011,409 and State Agency balances in OK Invest at $3,478,081,781. …
“Our natural gas infrastructure is a national treasure and must serve as a springboard for developing the energy solutions of the future.” It’s what Williams’ Vice President for Corporate Strategic Development, Chad Zamarin says as the Tulsa company recently partnered with two regiional hydrogen hubs, one in the Pacific Northwest and the other in …
