Crude oil prices rose 1% on Monday with an increase in U.S. gasoline futures while some Oklahoma energy stocks saw as much as a 6% gain for the day even as one firm dropped 11%. The price gain came as forecasts indicated an increase in oil demand in the second half of the year. …
The U.S. Energy Information Administration came out this week with a prediction of lower crude oil prices not only for the remainder of 2023 but also for 2024. “We lowered our crude oil price forecast for the rest of 2023 and for 2024 in our May Short-Term Energy Outlook (STEO) because of relatively rapid declines …
AAA Oklahoma is projecting that more than 550,000 Oklahoma residents will travel a distance of 50 miles or more over the Memorial Day Weekend. As usual, the large majority, or more than 82%, will be driving to their destinations, though air travel and travel by other …
The Federal government just awarded $32 million to the Colorado School of Mines to develop a carbon sequestration hub near Pueblo. The region near Pueblo has large carbon emissions from two power plants and cement kiln. The Department of Energy grant will be used by the School of Mines and the Los Alamos National …
A large part of the U.S., including Oklahoma, could face energy shortfall this summer because of the heat warned a national electric power group in a recent release. It came from the North American Electric Reliability Corporation which issued its 2023 Summer Reliability Assessment. The assessment warned that two-thirds of North America is at risk …
** A California city will make an exception to its natural gas ban for world-famous chef José Andrés, after the landlords for the chef’s planned restaurant warned Andrés may pull out over the regulation. After the owners of the mall where Andrés is set to open the restaurant threatened to sue the city, Palo Alto …
An oil company has been ordered by a Texas judge to stop production in the city of Dayton, just outside of Houston. The order came after residents complained that oil is seeping into their drainage system, damaging properties and making them sick according to KPRC TV News. Click here for KPRC
How prophetic was an OK Energy Today article last November about Oklahoma City’s Galvanic Energy. “Brent Wilson and his former colleagues who joined him after being laid off from an Oklahoma City oil and gas company might be sitting on a gold mine,” was the lead to the story. Galvanic, a firm created for …
Not everyone in Oklahoma is a fan of the state’s new law that recently resulted in 13 financial institutions banned from doing state business because of their use of ESG against the oil and gas industry. A weekend report showed there are other sides to the impact of the new law. The Sunday Oklahoman …
Fears that U.S. politicians will fail to agree on a new debt ceiling and perhaps trigger a default led to a drop in crude oil prices on Friday. US benchmark, West Texas Intermediate crude for July dropped 25 cents or 0.3% to close at $71.69 a barrel on the New York Mercantile Exchange. Brent …
