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Average price of gallon of gas rises slightly in Oklahoma

gas, Oklahoma

OKLAHOMA CITY (AP) — The average price of gas is up just more than a penny per gallon this week across Oklahoma. AAA Oklahoma said Monday that that the average price statewide is just less than $2.15 per gallon — up from just more than $2.13 per gallon a week ago. The national average is $2.38 per gallon. AAA spokesman ...

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Oil prices set for fourth-straight monthly gain

oi prices

The price of oil is on track to set its longest run of monthly gains in five years. Futures were up Tuesday morning in New York, paving the way for a fourth-straight monthly advance. Oil production has been disrupted in several different countries in recent months. Nigeria’s oil production is down 50 percent after a series of militant attacks. In ...

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US producer prices rise in April for first time in 3 months

producers, gas, manufacturers

WASHINGTON (AP) — Prices charged by U.S. manufacturers, farmers and other producers rose for the first time since January, lifted by higher costs for gas, steel and medicines. The Labor Department said Friday that the producer price index, which measures price changes before they reach the consumer, increased 0.2 percent in April. That followed small declines in February and March. ...

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Wells Fargo 1Q earnings fall as oil loans hit bottom line

Wells Fargo’s first quarter results fell 6 percent from a year ago, as the bank had to set aside more money to cover its struggling portfolio of oil loans. The San Francisco-based bank said Thursday that it had net income of $5.46 billion, or 99 cents per share, down from $5.8 billion, or $1.04 per share, in the same period ...

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Average gasoline price could break $2 threshold

Average gasoline price could break $2 threshold

The national average price for a gallon of gasoline may rise above $2 soon. A gallon of gas averaged $1.99 in the United States late Monday afternoon, according to GasBuddy.com. The average price has risen 5 cents in the past week. The average price for a gallon of gas in Houston was $1.84 on Monday afternoon, up 6 cents from ...

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US rig count drops 4 this week to all-time low of 476

natural gas drilling, rig count

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped 4 this week to 476, a record low and another sign of continuing price woes in the oil and gas industry. A year ago, 1,069 rigs were active. Houston-based oilfield services company Baker Hughes Inc. said Friday that 387 rigs sought oil and ...

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Oklahoma regulators release plan to reduce temblors

Oklahoma regulators release plan to reduce temblors

TULSA, Okla. (AP) — State regulators are asking oil and gas producers in central Oklahoma to restrict wastewater disposal operations to help temper a sharp increase in the number and severity of earthquakes. Monday’s request covers more than 400 wells across 5,200 square miles. It comes after a similar directive in February covering nearly 250 wells in northwestern Oklahoma. Scientists ...

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Alaska administration didn’t pursue gas-to-liquids pitch

JUNEAU, Alaska (AP) — Gov. Bill Walker’s administration had a consultant evaluate a pitch to turn North Slope gas to gasoline and ship it through the trans-Alaska pipeline. But a Walker spokeswoman says the idea was scuttled because it didn’t pencil out. Spokeswoman Katie Marquette says the administration felt obligated to review the proposal since it had the potential to ...

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First LNG export to leave Sabine Pass

Cheniere Energy, Sabine Pass, LNG, exports, Brazil

American liquefied natural gas will soon hit the global market. The first cargo of LNG exported from the continental United States will leave Cheniere Energy’s Sabine Pass terminal Wednesday, according to a company executive. The tanker Asia Vision LNG will ship the fuel to Brazil, where it will be received by Petroleo Brasileiro SA, according to a Bloomberg report. While ...

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Latest suit over coastal damage adds to oil company woes

Latest suit over coastal damage adds to oil company woes

NEW ORLEANS (AP) — Cameron Parish in southwestern Louisiana has joined the list of those suing the oil and gas industry over damage to the state’s badly eroding coast. The parish filed a series of suits Monday with defendants — including major oil companies — numbering close to 200. Industry associations immediately condemned the suits as an unwarranted attack on ...

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