As President Trump’s war deadline with Iran approached Tuesday, oil prices moved lower. His deadline was an attempt to reopen the Strait of Hormuz. Trump continued to ramp up his threats against Iran, saying that “a whole civilization will die tonight, never to be brought back again.” “I don’t want that to happen, but it probably …
Just as Continental Resources of Oklahoma City recently announced drilling projects in Argentina, Baker Hughes Company is also doing business with the South American country. And in the same rich oil play region. The Texas-based energy technology firm announced it has secured a strategic order from San Matias Pipeline S.A. to supply three gas compression units …
Mach Natural Resources LP announced the proposed underwritten public offering of 9,000,000 common units representing limited partner interests in Mach by VEPU Inc., Simlog Inc. and Sabinal Energy Operating, LLC. Mach will not sell any common units in the Offering and will not receive any proceeds therefrom. The Offering is subject to market and …
Oil Prices Face Uncertainty if Hormuz Stays Closed Strait of Hormuz oil prices global supply disruption: Some world experts believe global crude oil prices could reach a nearly unpredictable pattern soon if the Strait of Hormuz is not opened soon allowing tankers to pass. They believe Africa and Europe will soon feel a jolt to …
Iran has reportedly rejected a new ceasefire proposal with the U.S. even after President Trump said he would target power plants and bridges Tuesday night—-and as a result, crude oil prices rose on Monday after jumping to session highs. West Texas Intermediate, still higher than Brent because U.S. crude has become prized oil supply in …
State Treasurer Todd Russ released the March 2026 State Tax Revenue Report, showing total monthly revenue of $1.4 billion, a 7.2% increase from March 2025. Revenues from oil and gas production also increased for the month but were still lower than a year ago. Revenues also rose 18.7% from February, reflecting broad-based gains across …
** Israeli warplanes struck two of Iran’s petrochemical facilities responsible for 85% of exports and had “taken them out of use.” The IDF struck the South Pars petrochemical facility near Asaluyeh in southern Iran, the largest such facility in Iran, Defense Minister Israel Katz confirmed on Monday afternoon. ** Treasury Secretary Scott Bessent told Fox Business Network’s “Mornings with …
Five candidates indicate they want to be the next Oklahoma Corporation Commissioner, one to replace term-limited Commissioner Todd Hiett. The list was all that remained after three days of filing last week. The makeup is two Republicans and three Democrats. Rep. Brad Boles was among the first day candidates to file with the Oklahoma …
As Expand Energy Corporation prepares to move its headquarters from Oklahoma City to Houston, the company announced the naming of a new Chief Financial Officer. The appointment of Marcel Teunissen was effective on Monday, April 6, according to the announcement made in Spring, Texas, a suburb of Houston. “Marcel brings a rare blend of financial …
The Middle East Gulf was source for 8% of 2025 U.S. crude oil imports In 2025, the United States imported an average of 490,000 barrels per day (b/d) of crude oil from the Middle East Gulf region—Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE), according to a new report from …
