The turmoil in the Middle East and the fighting between Ukrainian forces with Russia led to increased crude oil prices on Wednesday as they settled at their highest since late October. Reuters reported that while investors were concerned about supply disruptions, an increase in US crude stocks eased some of the worries. West Texas Intermediate …
Another unexpected buildup in the nation’s crude stocks was reported this week by the U.S. Energy Information Administration. At the same time, the amount of crude oil stored at Oklahoma’s massive Cushing Hub declined. The EIA reported a 3.2 million barrels increase across the U.S. as stocks rose from 448.2 million barrels on March …
Yes, the impact of the 2021 Winter Storm Uri is still with Oklahoma, Texas and Kansas. So are the legal matters. In Oklahoma, Attorney General Gentner Drummond’s investigation into alleged market manipulation of natural gas prices remains underway with no public offering of the latest developments. In Kansas, Attorney General Kris Kobach’s lawsuit against …
Oil and gas operators in Texas, New Mexico and Louisiana made it clear in a recent Federal Reserve Bank of Dallas survey, they are fed up with the Biden administration’s war on oil and gas. Typical of the responses is one of those cited by the survey. “Until the next administration is decided, we’re …
Weeks after Colorado opened its first Buc-ee’s travel stop, Arkansas could get its first of the popular and fast-growing stores, adding to the chain of 44 stores across the country. The Arkansas Business Morning Roundup on Wednesday reported officials in Benton have approved a site and utilities plan for a mega travel center Buc-ee’s. …
Those tornadoes that destroyed some homes and caused other damage in Osage County this week weren’t the only twisters Oklahoma had this spring. The Oklahoma Mesonet reminded readers that on March 14, two tornadoes were confirmed in McIntosh and McCurtain counties. The same severe weather also produced hail the size of softballs in Ada and …
You never know what politics will bring. Take for example Oklahoma House Speaker Charles McCall’s HB2950 which he introduced in February and included a proposed renewable energy tax…a tax he threw in after renewable energy firms fought the Right of First Refusal bill supported by utilities. The Right of First Refusal bill, HB4097 pitted …
The number of solar operations in the state of Missouri grew by 32% in the past year, according to a new report. At the same time, Climate Central found there was a decline in wind generation and it led to an overall drop in power from the two renewable energy sources. Missouri’s 32% gain …
The nation’s largest producer of liquefied natural gas, Cheniere Energy, reported a major drop on Tuesday in the amount of US LNG for export. Owner and operator of the Midship natural gas line that carries natural gas from Oklahoma’s STACK and SCOOP plays to the Gulf Coast, Cheniere stated the drop in demand occurred at …
Macquarie Group, the same company sued by the state of Kansas following the 2021 Winter Storm Uri and also under investigation by the state of Oklahoma is pouring billions into an offshore wind project through one of its divisions. Macquarie Asset Management, the asset management division of Macquarie Group , is investing $50 …
