EIA Forecasts Crude Oil Prices Will Slide in 2026 The U.S. Energy Information Administration is not optimistic about the price of crude oil in the coming year. It predicts the global benchmark Brent crude will drop to about $55 a barrel early in 2026. The disclosure came in the agency’s Short-Term Energy Outlook released this …
Vital Energy–Crescent Merger Faces Legal Challenge in New York The more than $3 billion all-stock merger announced in August between Tulsa-based Vital Energy and Houston shale producer Crescent Energy now faces a legal challenge in New York that could threaten the deal’s timeline. Vital Energy was set to be taken over by Crescent Energy in …
The Trump Administration dramatically escalated its standoff with Venezuela on Wednesday by seizing a large tanker loaded with crude oil bound for Cuba. The exact details of the seizure, first reported by Bloomberg, are unclear and administration officials could not be reached for comment. The tanker seizure also targets longtime Cuba — a close Venezuelan ally …
As crude oil prices dropped about 2% in Tuesday’s trading, Oklahoma energy stocks finished the day split between those recording gains and those with losses. Concerns in two areas led the way for falling oil prices. One was the pending decision on U.S. interest rates and the other is the continuing worry about whether peace …
** OG&E announced that on December 3, 2025, Mr. Donnie O. Jones, Vice President – Utility Operations of OG&E, notified OGE Energy that he plans to retire at year-end 2026. ** The U.S. Department of Energy (DOE) today announced $11 million in awards to five U.S. companies to develop and license new or modified transportation …
Months after 17 states sued the President over his ban of new wind power projects in the U.S., a Federal judge this week struck down the sweeping ban. Some called it a “major victory” for the wind industry after judge Patti Saris of the U.S. District Court for the District of Massachusetts ruled the …
Oklahoma Gov. Kevin Stitt admits he is frustrated over the lack of action on possible development of the state’s newest proposed data center which would be on state-owned land near Lawton. “You’re supposed to lease them,” said the governor in response to an inquiry by Oklahoma Watch. “You put them out to bid, and …
Two years after the Oklahoma Broadband Expansion Council was created to make recommendations to the State Broadband Office, its chairman is talking of “sunsetting” the body. The issue is on the agenda for the Wednesday morning meeting of the Expansion Council. Item number 5 states, “Discussion and possible action on recommending early sunset of …
7-Eleven hit with record $4.5 million FTC fine over fuel outlet acquisition The 7-Eleven company found out the hard way the consequences of not following rules of the Federal Trade Commission. The Federal Trade Commission (FTC) announced this week it fined 7-Eleven, Inc. and its parent company, Seven & i Holdings Co., Ltd., $4.5 million …
Endangered Species Protection Sought for New Mexico Flower Threatened by Fossil Fuel Industry Oklahoma oil and gas drillers and others active in the Permian Basin of west Texas and southeast New Mexico could soon face another regulatory challenge if a national environmental nonprofit succeeds in its latest legal push. The Center for Biological Diversity has …