While the nation experiences higher oil prices because of the war against Iran, the head of the Kansas City Federal Reserve Bank believes the growth effects in Oklahoma and the U.S. will be “less severe” than what they endured in the 1970s and 1980s. Speaking to the Rotary Club of Oklahoma City this week, Kansas …
Category: Oil & Gas
Trump mulls ending Iran campaign without reopening Strait of Hormuz
After climbing nearly $6 a barrel to reach $118, the world’s oil prices ended up falling Tuesday after President Trump said he was thinking of ending military operations against Iran without a reopening of the Strait of Hormuz. At the same time, the Iranian president indicated his country was also “prepared to end” the war …
Sierra Club rips bill to protect oil and gas from climate change lawsuits
Environmental group, the Oklahoma Chapter of the Sierra Club came out with a critical press release this week attacking a Senate-passed bill it contends would shield the fossil fuel industry by prohibiting Oklahomans from taking civil legal action against oil, gas and coal companies over climate change. The chapter said it issued an “urgent warning” …
Energy briefs
** Iran attacked a “fully loaded” crude oil tanker anchored off the United Arab Emirates, the latest in a string of assaults on merchant vessels in the Gulf and Strait of Hormuz since the start of the war. On Tuesday morning, the Al Salmi, a Kuwaiti vessel, was struck on its starboard side by a projectile, causing …
U.S. crude oil production rose in 2025, setting a record
U.S. crude oil production grew by 3%, or 350,000 barrels per day (b/d), in 2025, setting a new annual production record of 13.6 million b/d, according to the latest Short-Term Energy Outlook (STEO)from the U.S. Energy Information Administration. Production from the Lower 48 states excluding the Gulf of America (L48) accounted for 11.3 million b/d, or …
Regulators to deal with business matters
Oklahoma Corporation Commissioners have a scheduled meeting Wednesday afternoon. The agenda below is as posted. AGENDA The Commission may take up the above items of business in a different sequence than that listed. The meeting is open to the public. If public comment is listed on an agenda item, and authorized, each speaker will …
Attacks increase in war on Iran and so do oil prices
The escalating fighting in the war on Iran on Monday sent crude oil prices climbing again with prices in the U.S. reaching more than $104 a barrel. The price gains came as President Trump, while threatening to seize Kharg Island where Iran’s refineries are located, still said the peace talks were doing “extremely well” and …
OGE request likely to mean higher rates for customers
Oklahoma Gas and Electric Company’s latest request of state regulators could mean eventually higher rates for its customers. How much isn’t clear but the state’s regulatory agency has been given a heads-up. It concerns the utility’s move to start taking bids on natural gas storage. Details were not made available but Mark Argenbright, Director …
US has seen $4 gasoline before war against Iran
As the nation’s gasoline prices approach $4 a gallon and the average in Oklahoma is at $3.25 per gallon, the prices still are not what motorists paid four years ago. While critics of the war against Iran complain it led to high fuel prices in the states, a historical review showed gasoline prices were …
Williams faces more challenges of proposed New York gas line
Williams Pipeline Effort Faces Renewed Opposition in New York Efforts of Oklahoma-based Williams Cos. to build the Constitution natural gas pipeline from Pennsylvania to Albany, New York are intensifying, but so is the opposition of environmental groups in New York state. State Regulators Challenge Pipeline Permit It was three months ago when the New York …