A day after Poland shot down Russian drones over its airspace, crude oil prices rose more than $1 a barrel. It’s an indication that investors worry about possible supply disruptions and added to concerns following an Israeli attack on Hamas leaders in Qatar. Brent crude futures finished up $1.10 or 1.7% at $67.49 …
Category: Oil & Gas
GOP Attorneys General vow to fight state climate laws punishing fossil fuel industry
The fossil fuel industry, i.e. oil and gas, is under continued attack from aggressive climate laws created by such states as Vermont and others who are targeting oil and gas operations—-so contend five Republican Attorneys General who attended the annual meeting of the Alaska Oil and Gas Association held last week. Vermont is …
Pilot expands EV ports nationwide to nearly 40 states
Pilot Company , General Motors and EVgo Inc. announced their collaborative network now reaches more than 200 locations across nearly 40 states. Some of the newest states to join this growing network include Colorado, South Carolina, Louisiana, Mississippi, North Dakota, South Dakota and Wyoming, with significant expansion across Texas, Missouri and Florida. In …
EIA predicts drivers will spend less on gasoline this year
The U.S. Energy Information Administration (EIA) expects U.S. drivers will spend less than 2% of their personal disposable incomes on gasoline in 2025—the lowest share since 2005, excluding 2020. In its September Short-Term Energy Outlook (STEO), EIA forecasts significant decreases in oil and gasoline prices this year, consistent with its previous forecasts. “The good news for …
Oklahoma regulators voted to support legal challenge of Vermont climate law
Oklahoma Corporation Commissioners voted unanimously this week to lend their support to a lawsuit against Vermont by State Attorney General Genter Drummond. The vote was 3-0 Tuesday as Commissioner Brian Bingman agreed that Vermont’s Climate Superfund Act would have an “adverse effect in Oklahoma” and added it would be “a positive sign to …
Fermi and Rick Perry file for initial public offering to build massive data center at Amarillo
The energy company founded by former Energy Secretary and Texas Governor Rick Perry filed an initial public offering this week as it moves forward with plans to develop what it calls one of the largest data centers in the world at Amarillo. Fermi America announced its plans for the data center during the …
ConocoPhillips and its cost-cutting moves
With 10% of its workforce of more than 13,000 in Bartlesville, ConocoPhillips is moving ahead with laying off up to 25% of the staff worldwide—a move to cut costs at a time when oil prices are falling. Bartlesville workers are wondering if they will be part of the reduction in workforce as the …
Energy briefs
** Hawaiʻi and Wisconsin joined the Affordable Clean Cars Coalition last week, increasing membership to 13 state governors reported Utility Dive. Launched in May, the coalition aims to promote more affordable electric vehicles, support U.S. automotive manufacturers and preserve states’ authority under the Clean Air Act. ** Spire natural gas customers in Missouri will see …
Crude oil prices rose after Israel attacked Hamas leadership in Qatari
Crude oil prices jumped up more than 1% on Tuesday after the Israeli military attacked Hamas leadership in the Qatari capital of Doha. Qatar called the attack “cowardly” and said it was a violation of international law. Israel’s attack came a few days after four of its soldiers were killed in a tank …
EIA predicts $50 oil by early 2026
If the federal government’s Energy Information Administration prediction is correct, it doesn’t look good for the oil and gas industry as lower crude oil prices are anticipated in the coming months. It predicts as much as a $19-a-barrel plunge by early 2026. The forecast was issued by the U.S. EIA in a short term …