Crude oil prices rose less than $1 both in the U.S. and overseas in Tuesday’s trading. West Texas Intermediate crude for May deliver still finished less than $60 a barrel, going up 68 cents to finish the day at $59.33 in trading on the New York Mercantile Exchange. Global benchmark Brent crude for June …
The U.S. Energy Information Administration (EIA) forecasts an increase in demand for petroleum products during the 2021 summer driving season as the impacts of COVID-19 diminish in the United States. EIA’s annual Summer Fuels Outlook, released today with EIA’s Short-Term Energy Outlook (STEO), expects a 15% increase in U.S. highway travel this summer but still less highway …
The historic winter gas bills and their impact on utilities in Oklahoma remain an issue being handled by Corporation Commissioners. At least two such requests for assistance in delaying any pass through of the costs of natural gas to consumers are on the agenda for the Wednesday meeting of the commission. Public Service Company …
While President Biden proclaimed he could replace Keystone XL pipeline workers with renewable energy jobs, a new study shows those renewable industry jobs do not pay as well as those in the nuclear, electric power transmission, natural gas, coal and oil industries. The report might also throw even more water on White House Climate …
** President Joe Biden’s ambitious electric vehicle plan has run into a huge hurdle with U.S. trade law, forcing him to choose between swing-state jobs and American intellectual property rules that have come under intense scrutiny during the Covid-19 pandemic. ** A U.S. auto industry group on Monday urged the government to help as it warned the …
Environmental groups are fighting plans for new deepwater oil export terminals in the Gulf of Mexico off the coasts of Louisiana and Texas. Groups such as the Sierra Club have started a letter-writing campaign to convince Transportation Secretary Pete Buttigieg and Maritime Administration’s Lucinda Lessley to deny the permits. There are four deepwater oil …
The University of Arkansas Hope – Texarkana will soon be launching the first solar education lab in the state of Arkansas. KTBS TV reports it’s part of a program to train accredited solar technicians. Click here for KTBS report.
For only the second time in the past year, Gross Receipts to the Oklahoma Treasury in March climbed above collections from the same month of the prior year. Receipts were propelled upward by rising oil and gas revenue, State Treasurer Randy McDaniel announced Tuesday. Collections from all sources in March total $1.1 billion, up by …
The support from New Mexico’s oil producers for new methane rules drawn up by the state got the attention of editorial writers in the Albuquerque Journal. The paper recently pointed out how the new methane rules are an example of how “government is supposed to work.” Click here for Albuquerque Journal editorial.
A fight over pipeline payments led to Energy Transfer LP being sued this week by Exxon Mobil Corp’s XTO Energy shale unit. The disputed payments involve the Dakota Access Pipeline. Reuters reported Energy Transfer hit XTO with deficiency charges and revoked other credits after the oil producer shifted some oil to other outlets last …
