The Houthi attacks on ships in the Red Sea resulted in still another gain in crude oil prices on Tuesday. Oil prices went up more than a dollar a barrel as the attacks disrupted maritime trade and caused more companies to reroute their vessels. West Texas Intermediate, the US benchmark, rose 97 cents or 1.3% …
Oklahoma’s hopes of landing a Panasonic electric vehicle battery plant were dashed a second time by the huge conglomerate. After Panasonic picked a site in eastern Kansas over Oklahoma for a $4 billion EV battery plant, the firm said it would still explore another such plant in Oklahoma. But on Tuesday, Panasonic made it …
After record third-quarrter production and earnings of $2.8 billion, ConocoPhillips is preparing to release its fourth quarter earnings report in February. Investors will be anxious to know if earnings improved after dropping from a year earlier. The company will release the results before the market opens on Thursday, Feb. 8, 2024. Executives will follow …
Oklahoma Attorney General Gentner Drummond announced Tuesday he has launched an online tip form where the public can report allegedly illegal conduct related to energy costs during Winter Storm Uri. The tipline, located on the Attorney General’s website (oag.ok.gov), is designed to collect information about market manipulation and any other questionable activity related to artificially …
Public Service Company of Oklahoma (PSO) residential customers will see refunds of interim rates on their monthly bills starting in January. The Oklahoma Corporation Commission approved new rates for PSO customers on November 21, resulting in refunds with interest on interim rates that began May 22. PSO will apply refunds to customer bills as …
The Oklahoma House of Representatives is preparing to hold hearings on budget requests of state agencies including those focused on environmental and energy issues. The House Appropriation & Budget subcommittees will hold the hearings before the start of the legislative session in February 2024. The various state agencies, boards and commissions that receive state funding …
A new government report indicates oil production in the Anadarko basin, which includes much of Oklahoma, will shrink from December to January. The Energy Information Administration reported production of crude oil in December averages 392,000 barrels a day but in January, it is expected to decline to 389,000 barrels a day. Natural gas production …
New Mexico, the state where green-minded leaders castigate the oil and gas industry but love to spend the record revenue it brings, now are reported to worry about how the increased oil production is making the industry more powerful politically. Oil and gas production not only pushed state revenue to a record $12.7 billion …
Oklahoma oil and gas companies with heavy commitments to operations in North Dakota are likely to be paying attention to a growing flap between North Dakota and neighboring state of Minnesota. Here’s what the flap is about. Earlier this year, Minnesota’s legislature adopted a law that requires the state’s utility provideers to transition to …
BlackRock Inc., the investment firm put on a black list by Oklahoma for its ESG strategy and policies is in more trouble over the controversial use of disciminating against oil and gas. Now the company has been sued by the state of Tennessee for allegedly breaching consumer protection laws by making “misleading” statements about …
