Wednesday was a second straight day of losses for crude oil prices as they settled 1% lower, mostly because of a smaller-than-anticipated drawdown in U.S.. crude stockpiles, including those at Oklahoma’s Cushing Hub. There were also worries about Chinese demand. The latest tumble in prices came after a 2% decline on Tuesday. West Texas Intermediate …
The amount of crude oil in storage in the U.S. took another dip in the past week, reported the U.S. Energy Information Administration. The drop included a slide of crude oil stocks also at the Cushing Hub in northern Oklahoma. The EIA reported a fall of 1.2 million barrels of crude oil at storage …
The unofficial end of summer, i.e. Labor Day holiday weekend, is about here and it means Oklahomans will join millions of others across the country in traveling on the highways or in the air to celebrate. One good thing—gasoline prices are cheaper and down this week to $2.92 a gallon. AAA reports that …
The latest handout of government funds for alternative sources of energy involves nearly $9 million from the Department of Energy to 11 universities conducting research and developing projects to improve the performance of hydrogen-fueled turbines. None of the universities are in Oklahoma. The Department’s Office of Fossil Energy and Carbon Management stated it is …
The Office of the Attorney General has charged an Oklahoma City man with defrauding clients out of more than $39,000 for construction work that was never done. Prosecutors allege Paris Bilbro 29, contracted with customers in Lawton, McLoud and Tuttle for roof repairs over a two-month period last year. His company, AMG Construction Group, failed …
A rural electric cooperative in northern Oklahoma is asking state regulators to approve a nearly 5% rate hike or $4.5 million a year in revenue. It also contends it hasn’t had a rate hike in 10 years and can no longer provide a safe and reliable electric system. The request by the Northeast Oklahoma Electric …
Oklahoma and 22 other states are asking the U.S. Supreme Court to block the Biden administration’s effort to cut methane from oil and gas production. Attorney General Gentner Drummond was among 23 state attorneys general along with Arizona’s GOP-led legislature who are opposed to the implementation of the Environmental Protection Agency rule that requires oil …
** The Biden administration announced Tuesday it will protect 28 million acres of public lands in Alaska, reversing a Trump administration effort to open them up to development. The move protects the lands from mining as well as oil and gas extraction. ** The number of publicly available electric vehicle (EV) chargers has doubled since Biden took office, the …
Could be another big sale of oil assets looming in the Permian Basin as Exxon Mobil Corp. revealed it’s looking to unload some of its older wells that produce small amounts of oil. The company confirmed the move to Bloomberg which reported such a sale could approach $1 billion, depending on the price of …
A federal lawsuit has been filed by a Nebraska wind farm operator over changes a county made in its required setback rules. The suit was filed against Knox County administrators and its board of supervisors by North Fork Wind LLC and some landowners in the northern Nebraska county. The wind farm lawsuit suggests …
