China’s ailing property sector fueled demand worries in Monday’s trading and as a result, crude oil prices fell more than a dollar a barrel. Oklahoma energy stocks were left mixed but a few firms dropped 5% to 7% in trading. Traders reported took another view of the supply risk premium also because of those nagging …
Ever since President Obama launched his war on coal, the nation expected coal companies to begin dying. Such is not the case for Tulsa-based Alliance Resource Partners, one of the largest Eastern US coal operators which reported this week record full-year 2023 total revenues of $2.6 billion. Released Monday before the open of …
Is China really influencing U.S. energy and environmental policies? And if the communist country is, how so? It’s what Oklahoma Congressman Frank Lucas and other leaders of the House Energy and Commerce Committee want to explore. Lucas, along with Reps. Cathy McMorris (WA) who chairs the House Energy and Commerce Committee and Bruce Westerman …
Like that sunshine? It promises to be a sunny and yes, warm week across much of Oklahoma with some temperatures reaching 65 degrees or more. Oklahoma Climatologist Gary McManus says enjoy it while you can….because….yes, there’s always a “because.” “We should see a mild cold front for the weekend with an increased chance of rain.” …
Heading into the past weekend, Oklahoma gasoline prices had risen six cents from the previous week to an average of $2.66 a gallon according to AAA Oklahoma. Oklahoma City prices were up nearly a dime from a prior week. The national average had risen a penny to $3.10 per gallon and the increase …
AEP, the parent company of Public Service Company of Oklahoma recently laid off 270 workers in an 11-state region. It’s not believed many might have been let go in Oklahoma, according to the Oklahoma Office of Workforce Development. WCMH TV news in Ohio reported the majority of the laoffs were in the utility …
** California’s rooftop solar industry is rapidly shedding jobs and losing companies to bankruptcy due to policy changes. The California Solar and Storage Association has suggested some near-term policy changes to slow the bleeding. ** A wide range of Republicans, including former Energy Secretary Rick Perry, excoriated President Biden for his decision to pause proposed liquefied natural …
Arkansas natural gas supplier Summit Utilities is asking state regulators to approve a rate hike of about 30% for its s40,000 customers in Arkansas. If approved by the Arkansas Public Service Commission, the increase would boost an average customer’s bill by $18.48 a month. Small commercial customers would see their monthly bill going up …
Many of the nation’s Republican U.S. Senators, including Oklahoma’s James Lankford aren’t happy about the President’s decision announced last week to delay permits for 17 major natural gas projects,including creation of the largest LNG port in Louisiana. They fired off a letter blasting the administration for what it did. The Senators charged the delay …
Tulsa-based coal mining company, Alliance Resource Partners, L.P. announced a cash distribution to its unitholders. The Board of Directors okayed the 70 cent dividend for the quarter ended December 31, 2023. ARLP unitholders of record as of the close of trading on February 7, 2024 will receive a cash distribution for the 2023 Quarter …
