US crude oil prices started 2024 with a loss and so did the global benchmark, thanks to an ease in concerns about supplies being disrupted by Houthi attacks in the Red Sea. West Texas Intermediate crude finished down $1.27 or 1.8% to $70.38 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude …
The price of Brent crude oil averaged $83 per barrel (b) in 2023, down from $101/b in 2022, a difference of $19/b after rounding. Global markets adjusted to new trade dynamics, with crude oil from Russia finding destinations outside the EU, and global crude oil demand fell short of expectations. Those dynamics offset the impacts from OPEC+ …
Our mistake. The recent announcement of the addition of 100 jobs in Bartlesville by Lincoln Electric did not involve Lincoln arc welders. Lincoln Electric Products Company, based in New Jersey will expand operations to northeast Oklahoma.
Captured CO2 for enhanced oil recovery could see North Dakota reach 5 billion barrels of Bakken oil this year. If so, that’s good news for Bakken leader Continental Resources of Oklahoma City. It’s the prediction of Ron Ness, President of the North Dakota Petroleum Council. “In mid-2024, we’re going to reach 5 billion barrels …
New rules took effect Jan. 1 under the Biden administration, reducing the number of electric vehicle models eligible for consumer tax credits up to $7,500. The number of such vehicles fell from about two dozen to 13 based on narrower criteria according to federal information from fueleconomy.gov. EVs that use battery components made by …
Helmerich & Payne leaders will be busy this week attending two investor conferences. The company’s Mark Smith, Senior Vice President and Chief Financial Officer; Mike Lennox, Senior Vice President of U.S. Land Operations; and Dave Wilson, Vice President of Investor Relations plan to participate in the following investor conferences during the month of January …
As Oklahoma held steady in its oilfield rig activity in the past week, the nation saw a small gain, reaching 622 active oil and gas rigs reported Baker Hughes Co. The weekly report showed a national gain of two rigs. The gain of two oil rigs pushed the total to 500 rigs while the …
Data from the Heat Watch 2023 in Oklahoma City is still being analyzed months after volunteers using heat sensors drove around the city mapping out the hot spots. The federally-funded program was conducted in August and the Oklahoman reported this week the information is being studied by the National Oceanic and Atmospheric Administration. Results …
For years, Oklahoma Congressman Frank Lucas worked beside long-time Democrat Eddie Bernice Johnson in her former capacity as the first Black woman to chair the House Committee on Science, Space, and Technology, the committee now chaired by Lucas. He rememberered her fondly after she died Sunday at the age of 88 following her department …
The State of Oklahoma received its first three made-in-Oklahoma electric vehicles from Canoo as an innovative part of the state’s ongoing fleet modernization initiative. At a combined cost of $119,850, these three Lifestyle Delivery Vehicles (LDVs) are the first of their kind in the state fleet, with one each assigned to the …
