Oil futures finished with a loss for a second day in a row on Thursday, as the market weighed the likelihood that key producers meeting this weekend will reach a pact to cap output, according to Bloomberg MarketWatch.
“If there is to be a production f…
Welcome rainfall on Wednesday might have prevented the Oklahoma Energy Resources Board members from celebrating well number 15,000 to be environmentally cleaned up in the state at the well site, but as the old saying goes, it did not dampen spirits.
I…
Reading a Bloomberg News article about how Wells Fargo Bank and Wall Street misjudged the oil boom of 2014 reminds one of how the same thing happened in the early 1980s in Oklahoma, leading to the Penn Square Bank collapse. Bank executives in the 80s …
Another oil and gas producer has gone to bankruptcy court, trying to resolve its billions in debt. Houston, Texas based Energy XXI filed for Chapter 11 restructuring in federal bankruptcy court this week in Houston, trying to eliminate $2.8 billion in …
The nation’s output of ethanol production was the lowest in the past week since the week of September 18, 2015, according to figures released this week by the U.S. Energy Information Administration.
Production averaged 938,000 barrels a day or 39.40 m…
Oil futures settled with a loss on Wednesday, putting an end to three sessions of gains as weekly data showed a hefty jump in U.S. crude supplies, according to Bloomberg MarketWatch.
Prices finished off the session’s lows, finding support from decline…
Authorities are investigating more details of the Tuesday pipeline explosion in South Texas that left two workers dead and another injured. It happened near the small town of Woodsboro, northeast of Corpus Christi and west of the popular Port Aransas G…
For the first time since July of 2015, general revenue fund collections for March exceeded the state’s estimate, according to the Oklahoma Office of Management and Enterprise Services. It was the first bit of good news in the past year since state reve…
Oil futures rallied to their highest settlement of 2016 on speculation that Saudi Arabia and Russia have reached a deal to stabilize production ahead of an OPEC meeting in Qatar this weekend.
Adding further support to prices, a U.S. government agency …
While the Oklahoma Sierra Club was preparing for an “Earth (Quake) Day” protest at the state capitol, its attorneys with Public Justice based in Washington, D.C. were filing an amended lawsuit naming SandRidge Energy as another defendant accused of cau…
