Crude oil supplies across the U.S. and at Oklahoma’s Cushing Hub were mixed in the past week, reported the U.S. Energy Information Administration on Wednesday. Cushing slipped while nationwide, supplies increased in a move that surprised analysts. The nation’s crude stocks grew unexpectedly by 600,000 barrels as of Nov. 15 when there were 430.3 …
As his detractors call him a “climate-denying Big Oil executive,” Chris Wright, President-elect Donald Trump’s Energy Secretary nominee says the world’s energy crisis is really one of “energy poverty.” The Denver, Colorado leader of one of the country’s biggest fracking companies contends the world is one divided between the haves and have-nots when it …
** A powerful winter storm brought damaging wind gusts and heavy rain to the Pacific Northwest, knocking out power to hundreds of thousands of homes and businesses in Washington. ** A proposed $5.5 billion sustainable aviation fuel plant in southern Nebraska could have tens of millions of dollars in economic impact from direct and indirect jobs, according …
President Trump’s encouragement of his “drill baby drill” promotion for U.S. oil and gas production might not be welcomed totally with open arms by the industry. It’s not that the industry doesn’t welcome the support, especially after more than 3 years of being attacked by the Biden administration, it’s just that the idea of …
The ONEOK Foundation donated $100,000 to the North Dakota Stockmen’s Association (NDSA) and the North Dakota Stockmen’s Foundation Out of the Ashes Wildfire Disaster Relief Program. The relief fund, established to provide vital assistance and offset losses for impacted cattle producers following the historic North Dakota wildfires, has now reached $723,114.56 with the …
Crude oil prices rose higher Tuesday after Ukraine used long-range missiles to attack Russia but observers say the gains were limited by Norway’s partial restart of one of its oilfields. Still, the attack deep into Russia left investors wary and they are carefully assessing the direction of the war. Helping shore up an increase …
ONEOK, Inc. announced that it has executed a definitive agreement with DT Midstream, Inc. under which ONEOK will sell its three wholly owned interstate natural gas pipeline systems for a total cash consideration of $1.2 billion subject to customary adjustments. Based on Federal Energy Regulatory Commission (FERC) filings, the purchase price represents 10.8 times …
Southwest Power Pool, responsible for coordinating electric reliability in a 14-state area in the central United States, expects to have enough generation to meet energy demand this winter. SPP conducts an assessment each year to identify and mitigate threats to energy reliability during the winter season lasting from December to March. The analysis considers …
** Boeing will lay off more than 2,500 workers in the U.S. states of Washington, Oregon, South Carolina and Missouri, according to federally required filings posted on Monday and a union official, as part of the debt-heavy U.S. planemaker’s plan to cut 17,000 jobs, or 10% of its global workforce. ** Just days after announcing a …
A halt in crude oil production a Norwegian oilfield prompted a more than 3% gain in crude oil prices Monday. Reuters reported Equinor said it had halted output from its Johan Sverdrup oilfield, western Europe’s largest, due to an onshore power outage. Work to restart production was under way, an Equinor spokesperson said, but …
