Author Archive: Jordan Gleason

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Production in Libya Continues to Increase as Geopolitical Pressure Eases

Libyan oil output recovered in August as security concerns from the fighting between the Libyan National Army (LNA) and the Petroleum Forces Guard (PFG) grew. There were reports another push would be made by the PFG for control over the Sirte basin and the Ras Lanuf and Es Sider ports in late August or early September. […]

By September 21, 2018 0 Comments Read More →

Trump sets implied oil price target below $80

The United States has sent mixed messages to OPEC and its allies over the last week about whether they need to do more to raise oil production and hold down prices. “We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push […]

By September 21, 2018 0 Comments Read More →

Iran: We Won’t Let OPEC Boost Production

OPEC does have a meeting in the coming days in Algiers to assess the state of the oil market, and decide on next steps. But one of the largest near-term challenges for OPEC is balancing the oil market in the wake of lost barrels from Iran – a key factor driving up prices and also a fact […]

By September 21, 2018 0 Comments Read More →

TRUMP THREATENS OPEC OVER RISING OIL PRICES: ‘WE WILL REMEMBER’

President Donald Trump continued to attack the Organization of the Petroleum Exporting Countries (OPEC) on Twitter, demanding Thursday morning that the cartel stop raising oil prices. The president’s warning comes before OPEC and Russia — which is not an official member — are due to meet Sunday in Algeria. The international oil cartel will decide if they […]

By September 21, 2018 0 Comments Read More →

Trump hit Iran with oil sanctions. So far, they’re working.

When President Donald Trump announced in May that he was going to withdraw the United States from the nuclear agreement that the Obama administration and five other countries negotiated with Iran in 2015 and reimpose sanctions on the country, the decision was fraught with potential disaster. If Trump’s approach worked too well, oil prices would […]

By September 21, 2018 0 Comments Read More →

Oil Output Will Rise; Mexico Begins Contract Review

Oil output will rise next month, but at its lowest level since late 2016—according to the U.S. Energy Information Administration. Output from seven major U.S. shale formations is expected to rise to 7.6 MMbbl/d. The Permian is expected to rise 31,000 bbl/d while the Haynesville—the smallest of the seven plays—is expected to be unchanged at […]

By September 21, 2018 0 Comments Read More →
Here’s what Gov. John Bel Edwards can, can’t do with Louisiana’s $300M+ surplus

Here’s what Gov. John Bel Edwards can, can’t do with Louisiana’s $300M+ surplus

Gov. John Bel Edwards’ administration plans to work with legislative leaders to develop a plan for the $300 million-plus surplus that the state anticipates from the budget year that ended June 30. “There’s no shortage of needs and it’s a great day when we can satisfy some of those needs with cash rather than having […]

By September 21, 2018 0 Comments Read More →

Governor: No reports of church abuse to Louisiana police, but reports would prompt probe

Gov. John Bel Edwards said he does not know of any recent reports to state law enforcement regarding sex abuse in the Catholic church in Louisiana. If such a complaint were to be lodged, “the state will do whatever it always does when it receives credible information that a crime has taken place — it […]

By September 21, 2018 0 Comments Read More →

After blocking two banks over gun policies, Louisiana commission picks banks for highway projects

Without looking at the bids from two of the nation’s largest banks because of their corporate gun policies, the Louisiana Bond Commission approved Thursday hiring Wells Fargo and JP Morgan to underwrite financing for highway projects. So how much extra will Louisiana taxpayers pay for the principled stand the Bond Commission took on the Second […]

By September 21, 2018 0 Comments Read More →

Private equity boosts activity in the Gulf of Mexico

The offshore oil and gas sector is beginning to rebound worldwide, but the Gulf of Mexico is recovering more slowly because of the industry’s focus on onshore shale. More private equity players,however, are injecting funds and jumpstarting new drilling activity in the Gulf to fill the void left by many of the larger independent exploration […]

By September 21, 2018 0 Comments Read More →