Israel’s rejection of a ceasefire offer from Hamas prompted crude oil prices to shoot up more than 3% n Thursday. While crude prices rose, Israel bombed the southern Gazan city of Rafah. US benchmark West Texas Intermediate crude rose $2.36 or 3.2% to close at $76.22 a barrel on the New York Mercantile Exchange. …
“It does look good for snow.” The forecast from Oklahoma Climatologist Gary McManus, who wrote in his Thursday Mesonet update that the National Weather Service says chances of snow on Sunday are 50% to 70%. The Weather Service says accumulations could be two to four inches. Other models say it could be more, maybe …
Put Oklahoma Congressman Frank Lucas in the column of the latest elected officials to question the wisdom of the President’s recent freeze on permits to allow LNG to be shipped overseas. He’s chairman of the House Science, Space and Technology Committee and used his power to join 19 committee members in mailing a letter …
Gasoline prices might have fallen in most of Oklahoma but AAA reports there are some counties with prices more than $3 a gallon. Coal County in the southeast has the highest average in the state and drivers in many of its cities such as Coalgate, Lehigh, tupelo and Clarita are paying an average of …
ConocoPhillips reported fourth-quarter 2023 earnings of $3.0 billion, or $2.52 per share, compared with fourth-quarter 2022 earnings of $3.2 billion, or $2.61 per share. Excluding special items, fourth-quarter 2023 adjusted earnings were $2.9 billion, or $2.40 per share, compared with fourth-quarter 2022 adjusted earnings of $3.4 billion, or $2.71 per share. Special items for …
February is National Career and Technical Education month and Oklahoma Lt. Governor Matt Pinnell is especially proud of the state’s Career Tech efforts. He says there is nothing he loves to brag on more than the program, pointing out it is one of the best in the country and something he has promoted in …
Devon Energy officials in Oklahoma City aren’t commenting, but the oil and gas firm might be the latest in the state to expand its holdings. Reports suggest Devon is in talks with Canadian-based Enerplus and made an acquisition offer. Devon declined comment. Enerplus did not immediately respond to a request for a comment reported Reuters. …
After a disappointing third quarter in 2023, Oklahoma City’s LSB Industries plans a release of its fourth quarter report in March. The company said the financial results for the quarter ended December 31, 2023 will be made public on Tuesday, March 5 after the close of the stock market. Company management will …
Blacklisted in Oklahoma and Texas because its ESG policies discriminated against the oil and gas industry, BlackRock launched an effort this week to create a friendlier relationship with Texas. The firm’s Chief Executive Larry Fink attended an energy investment summit in Houston on Tuesday and discussed matters with Republican officials. Reuters reported State Lieutenant Governor …
** The top five Western oil and gas firms – BP, Chevron, Exxon Mobil, Shell and TotalEnergies – returned to shareholders over $111 billion in dividends and share repurchases in 2023, according to Reuters calculation. ** US oil output will expand by only 160,000 barrels per day this year, a dramatic slowdown from the 1.02 …
