The 4% climb in crude oil prices on Wednesday was nothing compared to the stunning gains recorded by some Oklahoma energy stocks after President Trump implemented a pause in the tariffs he announced last week for most countries other than China. How about a 25% upward bounce for Empire Petroleum? Twenty-one percent for Vital …
U.S. crude oil stocks in storage increased in the most recent reporting period and the gain was also recorded at the Cushing Hub in northern Oklahoma. The U.S. Energy Information Administration reported the nation’s total crude oil in storage increased by 2.5 million barrels at the end of the week on April 4 of …
Data source: U.S. Energy Information Administration, Annual Coal Report Data values: Table ES-1, Coal Production The same day President Trump signed an executive order to increase U.S. coal production, the government issued a report showing America’s coal production had tumbled over the past two decades. The report was from the U.S. Energy Information Administration. In 2023, the United …
As Oklahoma legislators create more restrictive regulations on wind and solar development, Texas legislators are considering regulations giving the state greater industry oversight. According to the Texas Tribune, Senate Bill 819, by state Sen. Lois Kolkhorst, R-Brenham, would implement new administrative rules, impose fees and require the Texas Public Utility Commission to approve wind …
Stardust Power Inc., the Connecticut company developing a lithium refinery in Muskogee has named a Senior Advisor to help with guiding the company through its critical next stages including fundraising. The firm named Carlos Urquiaga who will report directly to Stardust Power founder and CEO Roshan Pujari. He is said to be a highly …
Oklahoma Congresswoman Stephanie Bice tells voters she is all about “Restoring and protecting American energy dominance.” It’s what she declared in a recent flyer sent to constituents in her U.S. House District. She’s promoting the cutting of permitting red tape, the clearing the way for American energy infrastructure, the reversing of failed green New …
** The Keystone oil pipeline ruptured Tuesday morning in North Dakota, with the spill confined to an agricultural field. An employee working at the site near Fort Ransom heard a “mechanical bang” and shut down the pipeline within about two minutes, said Bill Suess, spill investigation program manager with the North Dakota Department of Environmental Quality. …
Echoing what Southwest Power Pool President Lanny Nickell recently warned about the ability to meet growing electricity demands, largely due to the swelling data center industry, others expressed the same concerns at a recent meeting of regulators in Colorado. About 75 electric transmission industry officials gathered last week in Colorado Springs at a meeting …
The fight by some Oklahoma landowners against transmission corridors and the spread of wind and solar farms includes opposition to the use of eminent domain. Other states are facing the same battles, including South Dakota where Summit Carbon Solutions sued more than 200 farmers and landowners for a $9 billion carbon capture pipeline …
The growing issue of worldwide tariffs continued taking its toll on Oklahoma energy stocks as most suffered more losses in Tuesday’s trading. Just as U.S. crude oil futures fell below $60 a barrel in the U.S., so did Oklahoma energy trading including Mammoth Energy with the biggest percentage drop at nearly 13%. Vital Energy scored …
