Investors held off on their crude oil purchases Friday with word President Trump indicated he was not ready for an immediate military action in the Israel-Iran war. It led to a more than 2% drop in international crude oil prices. The U.S. also implemented more sanctions against Iran as it appears to be …
Category: Oil & Gas
Crude oil prices jump 3% on more fighting between Israel and Iran
With no letup in the bombing and missiles between Israel and Iran, crude oil prices shot up nearly as fast as the exchange of warfare is taking place between the two Middle East countries. Prices rose about 3% Thursday as the fighting kept investors on edge about the prospects of how the war …
Crude oil supplies fall across US including Oklahoma’s Cushing Hub
The nation’s crude oil supplies took a big tumble of more than 11 million barrels in the most recent reporting period issued by the federal government. Oklahoma’s Cushing Hub was among those areas where there was a drop in the amount of crude oil in storage. The U.S. Energy Information Administration reported the Cushing …
Energy briefs
** Hunters are up in arms over potential federal public land sales included in a U.S. Senate budget bill. Prominent groups like the Rocky Mountain Elk Foundation, Wyoming’s Muley Fanatic Foundation, and The Boone And Crockett Club all blasted the proposal. ** Europe will need to step up its role in space as NASA’s budget …
NGL Energy Partners LP announces quarterly cash distribution
Tulsa’s NGL Energy Partners LP announced a quarterly cash distribution this week to shareholders of some of its preferred shares. The company’s Board of Directors of its general partners declared a distribution for the quarter ending June 30, 2025 to be paid to the holders of two of the Partnership’s shares. One involves …
Supreme Court overturns lower court ruling in Wynnewood Refinery fight with EPA
The U.S. Supreme Court issued a second ruling this week regarding the EPA but this one involved a case on appeal by an Oklahoma oil refining company and others that challenged a small refinery decision of the EPA. The Court ruled the Fifth U.S Circuit Court of Appeals was wrong to have not referred …
Corporation Commissioners face headon challenge of increased electricity demand
Demand for electricity. It’s reported nationwide and is growing quickly across Oklahoma and was the focus Wednesday of a nearly two-hour discussion and presentation by representatives of the Southwest Power Pool, Public Service Company of Oklahoma, Oklahoma Gas and Electric Company and the Corporation Commission. “Energy demands are growing,” explained Paul Suskie, an Executive …
Crude oil rose on day 6 of Iran-Israeli fighting
Day six of the war between Israel and Iran and crude oil prices rose again on Wednesday. Investors remain worried about disruptions of crude oil supplies coming out of the Middle East, plus the possibility the U.S. might become directly involved. President Trump is coy about what h might do after Iranian Supreme …
Stardust Power finalizes public offering
Stardust Power Inc., the lithium refinery operator in Muskogee says it made $4.3 million on its recently closed underwritten public offering. In an announcement Wednesday, the Connecticut-based company said the proceeds were from the offering of 21,500,000 shares of common stock. The announcement came one day after Stardust Power shares plunged nearly 53% …
OGE scores Supreme Court win in legal challenge of Corporation Commission ruling
The Oklahoma Supreme Court handed Oklahoma Gas and Electric a victory this week in its challenge of a corporation commission ruling five years ago. The ruling came in an appeal filed by OG&E in a case where the utility provided retail electric service to two sites in the territory of CKenergy Electric Cooperative, …