We will have to wait to see what this does to crude oil prices on Monday, but late Friday, the U.S. imposed sanctions on companies and ships that allegedly deal in trading and transporting Iranian oil. The sanctions, adopted after Iran’s recent missile attack on Israel, were implemented too late to affect Friday’s …
Crude oil prices finished down on Friday as a number of factors played a part in the slide. There of course was Hurricane Milton’s impact on fuel demand after the storm pounded Florida. Then, there is still what might happen in the Middle East where investors wonder whether Israel might attack Iran’s oil industry over …
The release of hydrogen sulfide that killed two workers Thursday at the Pemex petroleum refinery in Deer Park, Texas has come under investigation by a federal agency. The U.S. Chemical Safety and Hazard Investigation Board said it had launched an investigation. Two contract workers died in the incident and another 13 others were transported …
(REUTERS/Nick Oxford/File Photo) Oklahoma gained back an oil and gas drilling unit in the past week to record a total of 41 active rigs, according to the latest Baker Hughes Co. rig count released on Friday. The 41 compared to 37 rigs reported a year earlier. It also helped increase the nation’s rig count …
Investors in Denver-based Ovintiv Inc. will learn early next month whether the company topped the $340 million in net earnings it recorded in the previous quarter. The energy firm plans to release the report after the close of the market on Thursday, Nov. 7 and follow it with a conference call the next …
It’s not the kind of news the oil and gas industry wants to read, but the Federal Reserve Bank of Kansas City released the third quarter Energy Survey showing a decline in energy activity in the Tenth District that includes Oklahoma. “District drilling and business activity posted a decline for the seventh consecutive quarter …
** Hurricane Helene flooding could push Appalachia utilities to rethink the region’s power grid, described by one official as a “really far-flung set of distribution lines going up into the hills and serving different communities.” ** Vice President Kamala Harris criticizes Donald Trump for attacking the federal response to Hurricanes Helene and Milton, suggesting he’s trying …
New Mexico Gov. Michelle Lujan Grisham has been critical of her state’s oil and gas industry at times, but not when she was part of a panel at the New Mexico Oil and Gas Association’s recent annual meeting. Instead, she used the occasion to stress the importance of educational development in New Mexico, something …
Global geopolitical observer Peter Zeihan has a take on what might happen should Israel attack Iran’s oil sector in retaliation to Iran’s missile attack. He suggests that since Iran’s oil exports hover around 1 million barrels a day, should Iraq attack, it would likely mean a $10-15 increase per barrel. “Not a global catastrophe, …
Hurricane Milton’s strike on Florida sent crude oil prices up nearly 4% on Thursday while at the same time worries grew about Middle East oil supplies. The day’s trading also saw many Oklahoma energy stocks recording losses for the day. Investors and analysts say there is still major concerns that demand for energy might grow …
