Crude oil prices fell to their lowest level so far this year on Wednesday after U.S. stockpiles rose more than expected. As OK Energy Today reported earlier, U.S. crude stockpiles gained 3.46 million barrels in the past week. One of the causes was a drop for the third consecutive week in refiner intake. West …
Gains in the amount of crude oil in storage were recorded by both the U.S. and the Cushing Hub in the most recent reporting period. The U.S. Energy Information Administration reported Cushing saw an increase of 300,000 barrels of crude oil, from 20.7 million reported the week of Jan.17 to 21 million barrels during …
ONEOK is sticking with an arrangement to transfer and price crude oil with a Houston-based operation rather than the Cushing Hub. The announcement this week came from Intercontinental Exchange, Inc., a leading global provider of technology and data. It stated that Enterprise Products Partners L.P. and ONEOK, Inc. have extended their fee waiver arrangement between …
Tulsa-based coal company, Alliance Resource Partners, L.P. announced its board of directors approved a 70 cent cash distribution to shareholders for the quarter that ended Dec. 31, 2024. The annualized rate of $2.80 per unit will be payable on Feb. 14, 2025. The company, considered the largest coal mining operator in the eastern part …
Kansas farm groups joined forces with energy companies this week in asking the legislature to support a $5 million annual state tax credit to encourage relucant gas station operators to sell more ethanol made from Kansas-grown crops. They see it as a move to incentivize the operators to expand distribution of E15 fuel. According …
State Rep. Trey Caldwell is making a third attempt to create what he says is not a ROFR or Right of First Refusal bill in the legislature. Three of the measures he filed for the approaching legislative session are HB2747, HB 2751 and HB2756. The three focus on the Oklahoma Corporation Commission, competitive bidding, …
** U.S. Transportation Secretary Sean Duffy signs an order seeking to roll back fuel economy standards enacted by President Biden, arguing that “artificially high” fuel efficiency rules raise costs for consumers. ** Vermont is the latest state to impose a fee on owners of electric vehicles to make up for lost gas tax revenue, an approach that has …
The Oklahoma Corporation Commission has less than a week to learn whether its federal funding to plug abandoned oil and gas wells is among those programs frozen by President Trump’s latest order. A Federal judge put a temporary hold on the freeze minutes before it was to take effect Tuesday evening. The freeze was …
Crude oil prices recorded small gains in Tuesday’s trading, enough to rebound from lows over the past few weeks. The rebound came after President Trump said he plans to issue tariffs this week on imports from Canada and Mexico. Plus, there was the issue of growing fears about weaker demand due to soft economy …
A freeze on federal grants and loans ordered by President Donald Trump’s budget office has Oklahoma leaders wondering about the impact. So has an earlier order affecting green energy project funding created by the Biden administration. Electric vehicle charging networks could be affected and some states aren’t sure if they will receive continued funding …
