As the dollar strengthened and U.S. crude and gasoline stocks made a surprise jump, crude oil prices fell for a second consecutive day in trading on Wednesday. At the same time, it proved to be a strong day for Oklahoma energy stocks. West Texas Intermediate crude dropped 27 cents or 0.3% to $81.35 a …
The growth of sediment in the Oklahoma River where it flows through Oklahoma City is the target of a major dredging operation. City workers have started the process of removing dirt and sediment build-up to keep the river in peak operation, according to a report by the city’s Public Works Department. “Our river boats …
So why is the Colorado oil and gas industry now coming out in support of a controversial push to ban all oil and gas drilling in the state by 2030? It’s not a case of “if you can’t lick ’em, join ’em.” Instead, the push is a political maneuver to point out that the …
No bonuses. That’s how bad things were in 2023 for J.B. Hunt Transport Services based in Arkansas. A proxy filed by the company with the U.S. Securities & Exchange Commission revealed none of the company’s executives received a bonus for fiscal 2023 because the company didn’t meet minimum operating income standards for the year. Arkansas …
The amount of crude oil in storage at the Cushing Hub in northern Oklahoma and across the U.S. increased in the past week, according to a new report from the U.S. Energy Information Administration. Cushing’s oil stocks rose 2.1 million barrell from 31.4 million on March 15 to 33.5 million as of March 22, …
Oklahoma U.S. Sen. James Lankford is among those who want to see more national security cautions taken by the President when it comes to economic issues—especially those involving China. He joined Senators Mitt Romney of Utah, Catherine Cortez Masto of Nevada, Sherrod Brown of Ohio, John Cornyn of Texas and Todd Young of Indiana …
NASA is running out of launch sites for its growing number of rockets into space. So the Oklahoma legislature wants to take advantage of the shortage by resurrecting a tax credit program to help develop the state Space Port at the former Burns Flat Air Force Base adjacent to Clinton. House Bill 3426 is …
Forget the thought of falling gasoline prices. Oklahomans are now paying far more for a gallon of gasoline than they did one year ago. The statewide average, according to AAA Oklahoma, reached $3.19 this week, a penny higher than a week ago, 32 cents more than a month ago and 18 cents higher …
After reporting $1.7 billion in cash flow in the fourth quarter of 2023, the highest in the past year, Oklahoma City’s Devon Energy plans a release of its first-quarter 2024 results in slightly more than a month. The company announced it will release the quarterly results on Wednesday, May 1 after the close of U.S. …
** Eastern seaboard ports are preparing to accept shipments of goods being rerouted from the Port of Baltimore following the collapse of the Francis Scott Key Bridge early Tuesday morning. Port officials and private-sector distributors told The Hill that plans to divert cargo shipments are in the works due to the suspension of vessel traffic …
