After a rough first two days of the week, crude oil prices finally rebounded on Wednesday, going back up 1% from four-month lows. Observers say the prices were buoyed by hopes of a September interest rate cut by the Federal Reserve. Those hopes apparently overcame any disappointment over increased U.S. crude and fuel stocks. As …
Another big win for Tulsa’s Williams Cos. in its years-long fight with Energy Transfer after the two failed in their merger attempts some years ago. Bloomberg reported a Louisiana court granted a permanent injunction to stop Energy Transfer (ET) from interfering with Williams’ Louisiana Energy Gateway natural gas project. The ruling by Louisiana’s 36th Judicial District …
President Biden’s executive order on the southern border crisis has no fans among members of the Oklahoma congressional delegation. US Representative Kevin Hern calls it an “abject failure.” Hern says Biden dismantled President Trump’s successful border policies shortly after taking office and stopped construction of the border wall. Continue reading
Reports indicate that US crude oil inventories were up by 1.2-million barrels for the week ending last Friday. The US Energy Information Administration doesn’t include the Strategic Oil Petroleum Reserve in those figures. The EIA reports inventories are about 4% below the five-year average for this time of year. Continue Reading
It’s been a hyper-active start to the Oklahoma tornado season and it’s just getting underway. The National Weather Service reports 43 tornadoes were recorded in the state during May. That follows a record-setting 55 in April. We’re already at 100 for the year when two from March are included. Continue reading
As crude oil prices dropped since OPEC+ decided over the weekend to continue with production cuts into 2025, crude oil stocks increased in a surprise move across the U.S., including the Cushing Hub in Oklahoma. Nationally, stocks increased by 1.2 million barrels, according to the U.S. Energy Information Administration. The total grew from 454.7 …
The heat blast that worried electric producers in the South and Southwest left its mark on Oklahoma this week as one town in southwest Oklahoma hit an early heat index of 113. It was in the Tillman County town of Grandfield and the 113 heat index, according to Oklahoma Mesonet Climatologist Gary McManus, was the …
Maybe it’s more than a bump in the road for Enbridge Inc. and its plans for a $1.2 billion solar farm development near Cheyenne, Wyoming. Maybe it’s the road itself. As OK Energy Today has reported previously, the company had planned to construct the farm on private land and provide electricity to a Meta …
If former President Donald Trump is re-elected to the White House, Interior Secretary Deb Haaland will be out of a job. Not just out of work, but the department she currently heads under the Biden administration will be gone. History! It’s the vow made by Trump in a recent interview with Fox News’ …
The Texas Oil and Gas Association is celebrating a big boost in energy employment in the state. According to newly released data from the Texas Workforce Commission, employment in the upstream sector of the Texas oil and gas industry grew by 4,500 jobs in March, representing the highest single month growth in upstream …
