The nation saw a drop of 4 oil and gas rigs in the past week, leaving 580 still active across the different states, according to the latest Baker Hughes rig count released Friday. Oklahoma remained at 43 rigs, the count from the previous week and one more than the 42 rigs reported a year …
** Dozens of climate protesters with Sunrise Movement LA rallied outside Phillips 66’s Los Angeles Lubricant Terminal on Thursday morning, with 16 demonstrators storming the facility’s office building. Sunrise Movement LA is demanding big oil companies, including Phillips 66, “pay up” to support wildfire relief and aid the state’s transition to clean energy. ** Nevada residents …
Crude oil prices will start the new week after closing on Friday with losses. Oklahoma energy stocks also finished in negative territory. What prompted the fall in oil prices? The U.S. sanctions against Russia left supplies tight in Europe, India and China and left investors and traders worried about supply disruptions. West Texas Intermediate …
Energy was the focus of two of the U.S. Senate confirmation hearings on Thurday, one featuring former North Dakota Gov. Doug Burgum, the president-elect’s choice for Interior Secretary and the other on Lee Zeldin at the Environmental Protection Agency. After firey hearings earlier in the week on other nominees, Burgum and Zeldin fared well …
After two days of gains, crude oil prices slipped in Thursday’s trading, mostly because of an anticipated halt in rocket and missile attacks by Yemen’s Houthi militia on ships in the Red Sea. As Reuters reported, maritime security officials said they were expecting the Houthi militia to announce a halt in its attacks on …
The three Republican legislators who challenged the Oklahoma Corporation Commission’s $127 million rate hike awarded last year to Oklahoma Gas and Electric have been given a January 24 deadline to comply with the Oklahoma Supreme Court. Reps. Tom Gann, R-Inola; Kevin West, R-Moore; and Rick West, R-Heavener, filed an appeal Dec. 19 with …
Oklahoma Natural Gas Company advised customers to make some preparations for the single-digit temperatures expected in the new few days in the state. The utility shared tips to reduce energy use and control winter bills. Set the thermostat to around 68°F to 70°F while awake and lower it while you’re asleep or away from …
** A judge has dismissed New York City’s lawsuit seeking to hold Exxon Mobil, BP and Shell liable for misleading the public about their products, and their commitment to renewable energy and fighting climate change. State Supreme Court Justice Anar Patel said the city could not claim its climate-conscious residents were sensitive to how fossil …
Many energy companies are approaching the time of year when they prepare to release their latest quarterly earnings reports. Vital Energy, Inc. plans to report its fourth-quarter and full-year 2024 financial and operating results after market close on Wednesday, February 19, 2025. A conference call to discuss results is planned for 7:30 a.m. CT on Thursday, …
A day after a decline of more than 1%, crude oil prices rebounded by nearly 3% after a large draw in U.S. crude stockpiles and new U.S. sanctions on Russia. The US benchmark hit its highest point since last summer. It also translated into a strong day for Oklahoma energy stocks. Reuters reported U.S. …
