The nation’s oil and gas rig total dropped by 9 in the past week while Oklahoma experienced a decline of 2 rigs, based on the latest Baker Hughes rig count released on Friday. The company said the U.S. total fell to 543 with a loss of 5 oil rigs, leaving 409 active across the nation’s …
The Greater Oklahoma City Chamber will sign a memorandum of understanding with the Importers and Exporters Association of Taipei (IEAT), one of Taiwan’s largest trade organizations, establishing a framework for expanded business collaboration between the Oklahoma City region and Taiwanese companies. The agreement is intended to strengthen international economic ties through trade promotion, business …
As fighting raged Friday, hopes for a peace deal between the U.S. and Iran faded and crude oil prices jumped nearly 6% on the day. While President Trump offered another ten days for Iran to reach a peace deal, Iran on Friday claimed Israel hit some of its steel factories, a power plant and nuclear …
https://www.news9.com/national-politics-oklahoma/alan-armstrong-us-senator-focus-energy-permitting-reform In the latest Mitchell talks energy with Jerry Bohnen, they take a deep dive into energy permitting, U.S. Sen. Alan Armstrong and Gov. Kevin Stitt. Armstrong hopes to have a persuasive role in the U.S. Senate in attempting to accomplish energy reforms, not just for oil and gas but for all energy sources. “It’s …
Groundbreaking for the $1 billion new Continental Coliseum in Oklahoma City that will eventually be the new home for the Oklahoma City Thunder and will bear the name of one of the state’s prominent oil and gas companies was held Thursday morning. It was at the site of the former Cox Convention center which …
The day President Donald Trump said he was unsure if he was willing to make peace with Iran and still considered his options, crude oil prices rose more than 5%. At the same time, the President said Iran had allowed the passage of 10 oil tankers through the Strait of Hormuz as a “gift” …
Manufacturing in Oklahoma and surrounding states? “We are hiring as fast as possible and turning work down.” “Business is good.” The comments of some manufacturing representatives in response to the March Manufacturing Survey released by the Federal Reserve Bank of Kansas. It found manufacturing in the Tenth District of the bank “increased moderately, while expectations …
Energy company, Tenaska, is reported to be buying thousands of acres of land in southeast Nebraska where it intends to build one of the largest data centers in the country. Tenaska is the same firm that operates the Kiamichi Generating Station in Southeast Oklahoma where power is sold to both the Southwest Power Pool and …
The drought spread even more in Oklahoma over the past week, jumping 17% in the “severe” drought category, reported the U.S. Drought Monitor. The latest map showed the Extreme Drought area rose from 45% of the state last week to 62% this week. The Extreme Drought area also rose, from 13% a week …
Energy Briefs: Hormuz Crisis, Oil Shifts Worldwide
March 26, 2026
Strait of Hormuz Remains Effectively Closed After President Donald Trump backed off his threat to “obliterate” Iran’s energy infrastructure if it refused to reopen the Strait of Hormuz, the vital shipping lane remains effectively closed to vessels not granted explicit permission by Tehran. The strait handles roughly 20% of global oil supply, making disruptions a …
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