Helped by a weaker dollar, oil prices gained in Tuesday’s trading. But they were also slowed by growing worries over a U.S. economic slowdown and the impacts of President Trump’s tariffs. Brent crude finished up 64 cents or 0.92% at $69.92 a barrel after slipping to as low as $68.63 earlier in …
A new report shows the oil and gas industry paid the highest U.S. wages in 2024 with an annual average of more than $227,000. The State of Energy report by the Texas Independent Producers & Royalty Owners Association showed it was an increase of $4.389 from 2023. The Crude Petroleum Extraction division was $222,691 …
The oil and gas industry in Oklahoma’s Osage County could feel the impact of DOGE as the Trump agency proposes closing the Bureau of Indian Affairs Office in Pawhuska. A report by KTUL TV news in Tulsa indicated the termination of the office by the Department of Government Efficiency could “create a hurdle for …
Nearly four months after Oklahoma Corporation Commissioners gave approval for an interim order granting a nearly $127 million rate hike to Oklahoma Gas and Electric, they will revisit the issue during a Wednesday meeting. Formally known as Case No. PUD2023-000087, the matter involves the November 2024 decision by commissioners approving the $126.66 million rate …
After a loss of nearly 1,700 jobs in Oklahoma’s oil and gas industry over the past few months, a new jobs report from the Energy Workforce & Technology Council shows a gain of nearly 1,200 jobs for February 2025. Oklahoma moved from 47,950 oil patch jobs in January to 48,684 for February, a gain of …
** President Donald Trump said Tuesday that he will double his planned tariffs on steel and aluminum from 25% to 50% for Canada, escalating a trade war with the United States’ northern neighbor. ** According to Electrek, Tesla and Honda are set to start buying power from a massive new solar energy farm in Texas that is expected to produce …
SandRidge Energy reported it saw a 28% increase in its oil production in the fourth quarter. The Oklahoma City-based company released its quarterly earnings report which slowed the Board also declared a cash dividend of 11 cents a share of company common stock. During 2024, SandRidge paid $16.4 million in regular quarterly dividends and …
While a Corporation Commission judge heard testimony in the $730 million acquisition of a gas plant by Public Service Company of Oklahoma, it was opposed by the AARP. State Director Sean Voskuhl said if the Corporation Commission were to approve the purchase announced last fall, it would put more burden on PSO customers with …
Growing fears that U.S. tariffs on Canada, Mexico and China might slow economies and result in less demand for oil sent crude oil prices down 1% on Monday. The losses represented the seventh consecutive weekly decline and the longest losing streak since November 2023 for WTI while Brent dropped for a third straight week. …
** Ontario’s premier, the leader of Canada’s most populous province, announced that effective Monday it is charging 25% more for electricity to 1.5 million Americans in response to U.S. President Donald Trump’s trade war. Ontario provides electricity to Minnesota, New York and Michigan. ** U.S. Energy Secretary Chris Wright said on Monday that global warming is a side effect of building …
