DoD Power Supply Contracts With Coal Plants ** The Trump administration plans an executive order directing the Department of Defense to enter into power supply contracts with coal plants. Federal Funds: EV Chargers Must Be 100% U.S.-Made ** The Trump administration proposes rules that would require all electric vehicle chargers receiving federal funds to be …
Tag: energy markets
Energy Briefs: Labor deal, grid recovery, data center fights
Steelworkers reach contract with Marathon PetroleumThe United Steelworkers union reached a four-year agreement with Marathon Petroleum that raises wages for 30,000 oil workers and avoids a potential nationwide strike. Entergy nears storm power restorationEntergy announced it is nearly finished restoring electricity in Louisiana after a winter storm left residents without power for 11 days. Texas …
US sees big gain in rig counts and Oklahoma is unchanged
Oklahoma Rig Count Holds Steady at 46 Oklahoma rig numbers remain constant The nation saw a gain in its number of oil and gas rigs while Oklahoma’s count was unchanged in the past week, according to the latest rig count released by the Baker Hughes Co. Oklahoma held steady with a count of 46 active …
Severe weather boosts crude oil prices
Crude oil prices jumped more than 3% on Tuesday as a powerful winter storm disrupted U.S. oil production and temporarily halted Gulf Coast crude exports, lifting Oklahoma energy stocks alongside the broader energy sector. Winter storm disrupts U.S. oil production The severe winter weather strained energy infrastructure across major producing regions, forcing operators to shut …
Oil Prices Hold Firm as Natural Gas Surges on Winter Storm
Oil Prices Hold Elevated Levels as Gas Surges, Stocks Mixed Crude oil prices remained elevated Monday as geopolitical tensions and U.S. supply disruptions continued to support the market, while natural gas posted another dramatic gain amid severe winter weather across much of the central United States. At the same time, natural gas prices soared again …
Crude slipped 2% and natural gas prices dropped
Crude prices retreat after geopolitical pressure eases Crude oil prices fell about 2% on Thursday after President Donald Trump appeared to soften earlier comments about acquiring Greenland and taking potential military action against Iran following its violent crackdown on anti-government protesters. Markets had been reacting earlier this week to heightened geopolitical risk tied to Iran …
Crude oil hit 7-week high in trading on Monday
Oil Prices Hit Seven-Week Highs as Iran Unrest Fuels Market Crude Advances as Geopolitical Risks Rise Crude oil prices climbed to seven-week highs on Monday, supported by growing geopolitical concerns tied to Iran’s oil exports and broader unrest in the Middle East. Natural gas prices also surged, posting a nearly 7% gain in the session. …
Oil and gas rig counts constant in Oklahoma plays
Cana Woodford leads all Oklahoma plays for drilling activity. The Cana Woodford remained Oklahoma’s most active play, accounting for 17 rigs, the highest total among the state’s producing regions. Other Oklahoma plays also showed no week-to-week changes: Granite Wash: 15 rigs Mississippian: 1 rig Ardmore Woodford: 4 rigs Arkoma Woodford: 2 rigs The consistency …
Oil Prices Jump on Russia-Ukraine Tensions Middle East Risks
Crude oil prices Crude oil prices climbed more than $1 per barrel in Monday’s trading as geopolitical tensions escalated following Russia’s accusation that Ukraine targeted President Vladimir Putin’s presidential residence with a drone attack. Traders also weighed the risk of possible supply disruptions in the Middle East, particularly tied to growing instability in Yemen. According …
ConocoPhillips to release 4Q earnings report in February
ConocoPhillips sets Q4 2025 earnings release as oil prices slide Fourth-quarter results and 2026 guidance come amid weaker crude prices ConocoPhillips will release its fourth-quarter 2025 earnings in early February, a report that could reflect the impact of lower crude oil prices late in the year after West Texas Intermediate (WTI) fell below $60 per …