PEMA Professional Energy Marketers Association

  Oklahoma’s Cushing Hub was not part of the unexpected build in national crude oil stocks in the past week, a build that sent crude prices down about $1 a barrel in Wednesday’s trading. While the nation’s crude oil storage gained a surprise 1.9 million barrels, reaching 787.4 million barrels, …

An unexpected jump in U.S. crude stockpiles sent oil prices tumbling by a dollar a barrel on Wednesday. Oklahoma energy stocks fell as well. US benchmark, West Texas Intermediate crude futures dropped 87 cents or 1.2% to $71.37 a barrel on the New York Mercantile Exchange. Brent crude, the global …

  If you’re not prepared for the Arctice blast of winter weather to arrive on Monday, you might have the weekend to get ready. The state is bracing for the extreme weather to hit and Oklahoma Climatologist Gary McManus Monday “will be the most dangerous day.”   So it means …

  If you were  expecting crude oil prices to climb this year, the prediction of the U.S. Energy Information Administration is that they won’t. Instead, they will remain about the same as they did in 2023. The EIA, in a report this week forecast average annual crude oil prices in …

  Still no formal announcement regarding the anticipated merger between Oklahoma City’s Chesapeake Energy Corp. and Southwestern Energy Co. based in Spring, Texas. But the speculation about the impact of such a deal, one that could have a value of $17 billion, is growing and led this week to a …

  A job with a $60,000 pay raise? It’s what the Oklahoma Department of Transportation governin board voted this week to give Tim Gatz for his work as head of the Oklahoma Department of Transportation and the Oklahoma Turnpike Authority. Under the unaninimous move, Gatz will see his salary jump …

  If we thought Tuesday morning brought some cold weather to the state, we’re being warned that even “colder” weather is on its way this weekend. Oklahoma Climatologist Gary McManus said the extreme temperatures won’t be as severe as what we experienced in February 2021 when Winter Storm Uri pounded …

The Oklahoma Transportation Department task force plan to tax drivers for the miles driven on state roads drew one opponent this week in the state legislature. Rep. Tom Gann, R-Inola, has filed what he called “a pivotal bill aimed at safeguarding Oklahomans’ freedom and privacy.” House Bill 2970 comes in …

Crude oil prices gained about 2% in Tuesday’s trading while Oklahoma energy stocks suffered losses for the day. The Middle East crisis and a Libyan supply outage led to some of the gains for the day. US benchmark, West Texas Intermediate dropped $1.47 or 2.1% to finish at $72.24 a …

  A setback for Koch Industries, Exxon Mobil Corporation XOM and the American Petroleum Institute. The US Supreme Court refused this week to dismiss their request to move Minnesota’s climate change lawsuit from state court to federal court. The suit was filed in 2020 by Minnesota Attorney Geneeral Keith Ellison …