Crude oil prices hit a two-week high on Tuesday as traders were worried about the sanctions on Russian and Iranian oil supplies. Added to their concern was the increasing Middle East tensions. As a result, both crude benchmarks recorded a third straight day of gains and reached their highest closes since Jan. 28. West …
A vote by Wagoner County Commissioners on a nearly 5,000 solar farm opposed by some residents and landowners was delayed on Monday. The three commissioners had previously delayed a vote whether to approve the Persica Solar Farm proposed by NextEra Energy. They agreed again to put the issue on hold for another 30 days, …
A bill to rein in the Oklahoma Turnpike Authority’s expansion of turnpikes won approval this week in a State Senate Committee. Senate Bill 80 was approved on a 12-0 vote in the Senate Aeronautics and Transportation Committee. However, as the Norman Transcript reported, legislators also struck the measure’s title which is considered to be …
Even as he is restrained by a judge’s order to no longer enforce Oklahoma’s anti-ESG act, State Treasurer Todd Russ is using the pulpit to speak against the practice by some financial companies. An Oklahoma County District Judge issued an order last year preventing Russ from enforcing the Oklahoma Energy Discrimination Elimination Act adopted …
Stardust Power, the developer of the recently announced construction of a lithium refinery in Muskogee, said this week it has reached a major licensing agreement regarding some of the technology for the Oklahoma plant. The Connecticut-based developer of battery-grade lithium products announced the execution of an exclusive licensing agreement with KMX Technologies, Inc., a …
Drivers of electric vehicles are finding a wide range of the prices they pay at public chargers across the U.S. And those who say Oklahoma has the lowest electricity rates in the country might be surprised to know, that’s not the case when it comes to the EV charging network. According to AAA, Oklahoma …
Not counting this week’s cold weather snap, earlier cold weather resulted in the fourth-largest reported drawdown of natural gas in the country. The U.S. Energy Information Administration reported the mid-January colder-than-normal weather increased natural gas consumption for home heating. During the week ending January 24, 2025, stocks fell by 321 billion cubic feet (Bcf), …
A lack of snow and ice might mean easier winter driving, but for a minerals company that provides salt for winter weather conditions, it can result in a loss of business and money. Compass Minerals, a Kansas City-area provider of essential minerals reported a downturn in its fiscal 2025 first-quarter results and it blamed …
Oklahoma City-based Chesapeake Exploration LLC has lost a Wyoming Supreme Court fight over a breach of contract involving a production company. The Supreme Court Justices recently upheld a lower court ruling against Chesapeake Exploration after it had been sued by Morton Production Company, LLC and accused of breach of contract, violation of the Wyoming …
Talk of tariffs by the Trump administration sent gasoline prices upward in the past week including a 6-cent climb in Oklahoma where the new average is $2.74 per gallon, reported AAA. The state average is still lower than the national average of $3.13 which is 4 cents higher than a week ago. Oklahoma’s average …
