Crude oil prices finally made some gains on Friday, increasing by 2% but they still were down overall for the seventh consecutive week, largely because investors are concerned about an oversupply of crude oi. It turned out to be the longest streak of weekly declines in half a decade. West Texas Intermediate, the US benchmark, …
Among more than $8 billion in rail passenger projects announced Friday by the U.S. Department of Transportation’s Federal railroad Administration is a study into possibly extending rail passenger service from Oklahoma City north to Newton, Kansas. The FRA announced it awarded $8.2 billion for 10 passenger rail projects across the country and also funding …
After being hit with a lawsuit because of the state’s anti-ESG law, Oklahoma Treasurer Todd Russ responded Friday, saying he will continue enforcing the law and improving Oklahoma’s economy and public investments through time-tested strategies. In a statement released by his office, the Treasurer wrote, “Keeping ESG out of investing is necessary due to …
Oil and gas rig activity remained steady in Oklahoma over the past week while the rig count across the nation gained by one to reach 626, reported Baker Hughes Co. on Friday. Oklahoma was unchanged with a count of 38 rigs. A year ago, there were 69 oil and gas rigs active in the …
** The Biden administration plans to set strict requirements on the sources of carbon-free electricity used by hydrogen producers seeking lucrative federal incentives, according to news reports citing leaked information regarding long-awaited rules for the Inflation Reduction Act’s clean hydrogen tax-credit program. ** Chrysler-parent Stellantis said it is seeking to void a 2019 California emissions …
