Thanks in large part to the U.S. and Israeli war on Iran over the past month, American crude oil’s value was higher than the global benchmark Brent crude. West Texas Intermediate crude, until Tuesday, had more value internationally than Brent crude. On Tuesday, Brent settled a few dollars higher than WTI’s price which are determined …
A major groundbreaking ceremony has been held in Brooklyn by Williams Cos. of Tulsa for the start of construction on its Northeast Supply Enhancement project. Officials gathered at Floyd Bennett Field in Brooklyn where brief remarks were made by Williams leadership and elected officials. They spoke after a ceremonial pipe signing highlighting the start …
Oil prices dropped 5% to 8% on Tuesday, the second day of the naval blockade of the Persian Gulf ordered by President Donald Trump. Investors felt more optimistic that the blockade by the U.S. forced Iran to return to peace talks as the U.S. and Israel put a hold on their military attacks of …
The US Naval Blockade and what it means for the world Iran boasts of oil sales not be interrupted by blockade ** Iranian oil sales in recent weeks have been favorable and part of the revenue will be allocated to repairing damage to industry caused by wartime attacks, Iran’s oil minister said on Tuesday. Mohsen Paknejad said …
The U.S. Naval blockade of the Persian Gulf to counter Iran’s own blockade of oil tankers passing through the Strait of Hormuz is already having an impact on U.S. crude exporters. One observer said Trump’s implementation of the naval blockade had the potential for an “economic obliteration” just as the US and Israeli war planes …
Expand Energy says one of its members of the Board of Directors won’t stand for re-election at the company’s approaching annual meeting of shareholders. In a filing made with the Securities and Exchange Commission, the company said board member John D. Gass notified the company he intended to retire from the board. “Mr. Gass’s decision …
Tenth District Energy Activity Was Unchanged The Federal Reserve Bank of Kansas City released the first quarter Energy Survey. According to Cortney Cowley, assistant vice president and Oklahoma City Branch executive at the Federal Reserve Bank of Kansas City, Tenth District energy activity was unchanged, but future expectations were substantially higher than last quarter. “Tenth …
Stardust Power Secures Lithium Supply Deal for Muskogee Refinery Stardust Power Inc., developer of a lithium refining operation in eastern Oklahoma, announced it entered into a Letter of Intent (LOI) with a strategic counterparty for the supply of up to 15,000 metric tons per annum of lithium carbonate equivalent in the form of lithium chloride. …
The day President Trump implemented his naval blockade of oil tankers coming and going from the Strait of Hormuz, crude oil prices first surged to more than $100 a barrel, then retreated to settle under the mark. The blockade was Trump’s reaction to the collapse of peace talks over the weekend. It countered Iran’s restrictions …
The nation’s rig count fell by three in the past week and Oklahoma’s loss of drilling activity accounted for two of the rigs. The latest Baker Hughes Rig Count showed the U.S. total fell to 545 and Oklahoma’s number of active oil and gas rigs declined to 42 from the previous week. The U.S. …
