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Oil and natural gas production taxes significantly decreased in June 2023, while inflation and the state unemployment rate fell according to State Treasurer Todd Russ’ monthly economic report.
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A $5.6 billion refinery is coming to Cushing. Southern Rock Energy Partners, the company behind this facility, promises it will be more eco-friendly than existing refineries.
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Oklahoma has begun the process of no longer doing business with some of the country’s largest financial institutions.
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Higher oil prices would help fill Russian President Vladimir Putin's coffers as his country wages war on Ukraine and force Americans and others to pay even more at the pump amid worldwide inflation.
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Energy companies secured access to 1.6 million acres of waters offered at auction. It's the second time this month that the administration has opened federal territory for new fossil fuel drilling.
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An adviser to Ukraine's President Volodymyr Zelenskyy says the reports are based on "anonymous conjecture but not real facts." The attacks, he said, are "devoid of tactical sense."
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Sultan al-Jaber told energy industry power players on Monday that the world must cut emissions 7% each year and eliminate all release of methane.
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The Environmental Protection Agency estimates 588,000 gallons of oil were spilled over land and into Mill Creek.
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The EU is now barring imports of Russian diesel and other products from Russian refineries used throughout Europe.
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Oil companies are releasing their profits with many setting new records, angering activists and the government.