Author Archive: Jordan Gleason

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API: Economics, not necessarily risk, are driving oil prices

Its economic fundamentals rather than geopolitical currents that are driving the global energy market, the American Petroleum Institute said. The price for Brent crude oil, the global benchmark, is up 4.5 percent, or $4.75 per barrel, since U.S. President Donald Trump left an Iranian nuclear deal with global partners that puts Iranian oil barrels on […]

Stars align for accelerating crude oil prices

A bullish report on U.S. crude oil inventories and lingering sentiments on geopolitical risks left Brent crude oil prices hovering near $80 per barrel Thursday. Brent crude oil, the global benchmark, was bouncing around the $80 per barrel mark for most of the overnight session. If it closes above the psychological mark, it would be […]

LNG Exports May Incite Price Increases for American Users

The government agency that regulates futures and options markets found that shipping gas overseas could raise costs for Americans. Domestic prices could rise as much as 20 percent due to the burgeoning industry that liquefies gas so it can be shipped around the world on tankers, according to a CFTC report. In its study, the […]

Rising oil prices herald next phase in cycle: Kemp

Oil prices are now in the top half of the cycle, with benchmark Brent on Thursday trading above $80 per barrel for the first time since November 2014.  In real terms, prices averaged $75 per barrel over the course of the last full cycle, which lasted from December 1998 to January 2016. The recent rise […]

If it’s America First, then Europe will respond in kind, Altmaier says

The United States must reckon with Europe responding in kind if it declares “America First” and places its own economic interests before those of others, Germany’s Economy Minister Peter Altmaier said. In an interview with ARD television, Altmaier attributed the United States’s desire to block the building of a new pipeline linking Russia and Germany […]

UK’s top Qatari LNG importer seeks to widen supply as cargoes slump

Britain’s busiest liquefied natural gas (LNG) import terminal, South Hook, is seeking to broaden its sources of supply as robust Asian demand diverts cargoes from Qatar – the world’s biggest exporter and the terminal’s majority shareholder. Volumes to the terminal, in which Qatar Petroleum owns a controlling stake, have halved so far this year from […]

Acadiana Famous: Former Governor Edwin Edwards

“The streets were lined up all the way to the railroad tracks. It was a great speech and a very important day in our lives.” Former Louisiana Governor Edwin Washington Edwards remembers the day in 1959 when then Senator John F Kennedy visited Crowley. It’s a story he explains to KATC’s Marcelle Fontenot in their […]

Florida congressional delegation gives thumbs-down to offshore drilling

Florida’s congressional delegation, citing the state’s vibrant tourism industry, delivered a unanimous, bipartisan and stern message of opposition to offshore energy exploration during a hearing on Capitol Hill on Thursday. Congressional Republicans and Democrats took turns blasting the idea of putting fossil-fuel development near the state’s 825 miles of pristine beaches in order to boost […]

Why surging oil prices don’t always mean big profits for U.S. shale producers

U.S. shale oil producers don’t benefit quite as much as you might expect from high crude prices, thanks to pipeline bottlenecks and price hedging. “Many of these shale companies are spending more than they are making, or close to it,” said Matt Badiali, senior research analyst at Banyan Hill. “These companies aren’t exposed to the […]

The Rundown: Everything you need to know in Louisiana politics on last day of regular session

Today in The Rundown: One last day of regular session and then special session begins; Here is all you need to know in Louisiana politics today. Countdown…  Days until the ~targeted~ end to the regular session: Today is the day!!! Days until the special session begins: 4 Days until the 2018 special session must end: 17 Session: The […]