EIA Forecasts Crude Oil Prices Will Slide in 2026 The U.S. Energy Information Administration is not optimistic about the price of crude oil in the coming year. It predicts the global benchmark Brent crude will drop to about $55 a barrel early in 2026. The disclosure came in the agency’s Short-Term Energy Outlook released this …
Vital Energy–Crescent Merger Faces Legal Challenge in New York The more than $3 billion all-stock merger announced in August between Tulsa-based Vital Energy and Houston shale producer Crescent Energy now faces a legal challenge in New York that could threaten the deal’s timeline. Vital Energy was set to be taken over by Crescent Energy in …
The Trump Administration dramatically escalated its standoff with Venezuela on Wednesday by seizing a large tanker loaded with crude oil bound for Cuba. The exact details of the seizure, first reported by Bloomberg, are unclear and administration officials could not be reached for comment. The tanker seizure also targets longtime Cuba — a close Venezuelan ally …
As crude oil prices dropped about 2% in Tuesday’s trading, Oklahoma energy stocks finished the day split between those recording gains and those with losses. Concerns in two areas led the way for falling oil prices. One was the pending decision on U.S. interest rates and the other is the continuing worry about whether peace …
** OG&E announced that on December 3, 2025, Mr. Donnie O. Jones, Vice President – Utility Operations of OG&E, notified OGE Energy that he plans to retire at year-end 2026. ** The U.S. Department of Energy (DOE) today announced $11 million in awards to five U.S. companies to develop and license new or modified transportation …
7-Eleven hit with record $4.5 million FTC fine over fuel outlet acquisition The 7-Eleven company found out the hard way the consequences of not following rules of the Federal Trade Commission. The Federal Trade Commission (FTC) announced this week it fined 7-Eleven, Inc. and its parent company, Seven & i Holdings Co., Ltd., $4.5 million …
Endangered Species Protection Sought for New Mexico Flower Threatened by Fossil Fuel Industry Oklahoma oil and gas drillers and others active in the Permian Basin of west Texas and southeast New Mexico could soon face another regulatory challenge if a national environmental nonprofit succeeds in its latest legal push. The Center for Biological Diversity has …
Electricity Sector Now Leads Global Energy Employment The growing emphasis and importance of electric utilities and the power they generate in Oklahoma mirrors a much broader global shift now unfolding across nearly every major economy in the world. The International Energy Agency (IEA) reports that the electricity sector is now the world’s largest energy employer, …
Natural Gas Plays Key Role in Power Strategy This week’s announcement of a major power agreement by NextEra Energy with Google, Meta, Exxon Mobil and other companies to build infrastructure for the AI boom involves several projects throughout the Midwest and even the Southwest Power Pool, the regional grid operator that includes Oklahoma. As details …
One of the three legislators who went to the State Supreme Court in an attempt to stop Corporation Commissioner Todd Hiett from voting on certain utility rate cases is making a full-court press by filing a large number of claims and complaints in the cases before the state regulators. One of the cases (2025-000038) …
