Author Archive: Jordan Gleason

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Congress moving toward passage of anti-OPEC bill

 Congress looks increasingly likely to vote on a bill that would allow the US Department of Justice to sue OPEC for antitrust violations, several sources said Friday. Versions of the bill, titled the No Oil Producing and Exporting Cartels or NOPEC Act, have been introduced in every Congress over the past 20 years, but several […]

By December 11, 2018 0 Comments Read More →

India’s falling oil, gas production a concern – minister

India’s falling oil and gas production is a matter of concern, Oil Minister Dharmendra Pradhan said, adding the government will soon set up a gas trading hub. India’s crude oil production in October dropped 5 percent from a year earlier to about 2.89 million tonnes, while natural gas output was down 0.4 percent at 2.80 […]

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Chevron’s Giant Expansion Of A Super-Massive Oil Field

On April 3, 1993, the Republic of Kazakhstan and Chevron Corporation (NYSE:CVX) formed the Tengizchevroil venture to develop the super-massive Tengiz oil field and the smaller Korolev oil field in Western Kazakhstan. Combined, both fields are expected to hold 9 billion barrels of recoverable crude oil, with room for upside as the fields are home to 27.1 […]

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Why OPEC’s Output Cuts Haven’t Got Oil Bulls Excited Yet

OPEC and its allies defied market expectations last week and agreed 1.2 million barrels a day of production cuts for 2019, but crude prices are yet to rally. Unlike when a deal was reached to cut supply in 2016, the market is more skeptical this time around about exactly how the Organization of Petroleum Exporting […]

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Gas in some states falls to $2 a gallon

Gas prices in the Harrisburg have continued to drop. Prices in the past week dropped 6 cents a gallon to an average of $2.58 a gallon, according to GasBuddy.com. That average price is 25 cents lower than a month ago and higher than the national average of $2.42 a gallon…   Click Here for Remainder of […]

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Report: U.S. LNG export capacity to more than double by end of 2019

The United States will be able to export more than double the amount of liquefied natural gas by the end of next year, a new report from the Energy Information Administration shows. LNG producers currently have the ability to export 3.6 billion cubic feet of natural gas per day. But with at least 18 LNG […]

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Premium Pricing For Gulf Coast Oil Revives Interest In Eagle Ford Dealmaking

Several big deals involving the Eagle Ford shale play have been announced this year. That includes BP plc’s (NYSE:BP) $10.5 billion all-cash deal to buy BHP Billiton Limited’s (NYSE:BHP) onshore oil & gas assets in America, and Chesapeake Energy Corporation’s (NYSE:CHK) $4 billion almost all-stock purchase of WildHorse Resource Development Corporation (NYSE:WRD). Premium pricing for oil produced in South […]

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OPEC backs 6-month oil production cut of 1.2 million barrels per day

OPEC backs 6-month oil production cut of 1.2 million barrels per day

Oil prices spiked sharply higher Friday as major oil producers, including the OPEC cartel, agreed to cut global oil production by 1.2 million barrels a day to reduce oversupply. Following two days of meetings, the Organization of the Petroleum Exporting Countries that includes the likes of Saudi Arabia and Iraq said they would cut 800,000 […]

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Scalise: ‘Every Single Day’ at Least 10 Known Terrorists Are Captured Trying to Cross Our Border

During an interview with “Life, Liberty and Levin” host Mark Levin, Rep. Steve Scalise (R-LA) discussed the importance of securing the United States borders. Scalise noted the large number of criminals in the migrant caravans that are attempting to come into the country, applauding President Donald Trump’s efforts to strengthen border security. “It’s incredibly important […]

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La. revenue forecast unchanged; House GOP leader rejects upgrade

Louisiana sheriffs and corrections officers eyeing a bigger slice of the state budget may have to wait for supplemental funds, after a ranking lawmaker refused to boost the state’s official revenue forecast. House Speaker Taylor Barras blocked the Revenue Estimating Conference from recognizing at least $128 million in projected revenue Monday, despite support from two […]

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