The U.S. Energy Information Administration reported the national crude stocks grew from 457.3 million barrels of oil reported on April 5 to 460 million barrels as of April 12. It marked another increase since March 29 when the national crude storage amounted to 451.4 million barrels. Cushing’s total of crude oil in storage …
Oklahoma Attorney General Gentner Drummond is asking a judge to determine whether confidential records used as the foundation for his “market manipulation” lawsuits against two energy firms have to remain confidential during any trial. Five days after his office sued two Texas energy firms and accused them of illegally profitting off high natural …
An oil and gas industry group in Wyoming is giving serious thought to heading to court to fight the Biden administration over its early-April rule that will make it more difficult for some oil and gas firms from bidding for energy leases on public lands. Here’s why the consideration of the Petroleum Association of …
** Sen. Josh Hawley, R-Mo., called on Energy Secretary Jennifer Granholm to resign Tuesday following a heated exchange over her past financial transactions. Hawley’s tense back-and-forth with Granholm came during a Senate Energy and Natural Resources Committee hearing held to review the Department of Energy’s (DOE) 2025 budget request. The Missouri Republican excoriated the energy secretary for violating the …
Crude oil prices remained mostly flat in Tuesday’s trading as investors carefully eyed what might happen next following Iran’s attack on Israel over the weekend. West Texas Intermediate crude for May delivery finished 5 cents lower or 0.06% at $85.36 per barrel on the New York Mercantile Exchange. Global benchmark Brent crude dropped 8 cents …
Oklahoma Treasurer Todd Russ reported the state’s revenue from its gross production tax on oil and gas continues to show a lower trend. Figures released in his March 2024 Economic report showed a more than 12% drop in oil and gas gross production tax revenue from February to March. The total revenue was $82.7 …
The director of a group fighting methane emissions from the oil and gas industry maintains carbon credits can be valuable in solving the problem of methane-emitting orphaned wells in the country. It’s the opinion of Maris Densmore, director of American Carbon Registry’s Industrial Program. Writing in a recent opinion piece in The Oklahoman, …
All five Oklahomans in the House voted with the majority Monday in approval of legislation to sanction China’s purchase of oil from Iran, a move seen as more response to Iran’s attack on Israel. The bill, H.R. 5923, Iran-China Energy Sanctions Act of 2023, was approved on a 383-11 vote as Oklahoma Reps. …
** Gasoline prices are expected to rise over the next few days — but not necessarily because of turmoil in the Middle East. Over the next day or so, states in the Northeast and mid-Atlantic are expected to switch to more expensive gasoline blends for the summer, leading to higher prices at the pump. ** The Biden administration on Monday …
Investors. It’s what energy companies continually seek and that’s just what ONE Gas, Inc. executives will seek when they attend the American Gas Association Financial Forum next month in California. The forum will be held May 19-20 in Palm Desert and ONE Gas Peesident and CEO Robert S. McAnnally will be joined by senior …
