Author Archive: Jordan Gleason

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New 10/12 Industry Weekly Newsletter Debuts

This month, 10/12 Industry Report is launching 10/12 Industry Weekly—an enewsletter highlighting the latest happenings in the petrochemical, oil and gas, environmental and industrial construction industries, from Lake Charles to New Orleans. 10/12 Industry Weekly, which will be published online and sent to your inbox every Tuesday morning, will provide local and regional news from across the corridor; project updates; profiles and […]

FACTBOX: US Imposes Sanctions on Iranian Crude Exports – S&P Global Platts

US sanctions against Iranian crude exports went back into effect Monday, although top buyers of Iranian crude were given temporary waivers until May, when they will be expected to cut purchases significantly. Oil prices climbed Monday as the sanctions kicked in, but price increases were limited by the waivers, and by increased production from OPEC […]

Oil prices rise off multimonth lows ahead of weekend OPEC gathering

Oil prices rose Wednesday, a snap back from the deep losses of recent sessions, as traders looked ahead to meetings between OPEC and its allies over the weekend that could result in supply cuts. Oil traders were looking on with interest at the midterm election outcome. A split in Washington may force the Trump administration […]

Return to oil production cuts in 2019 cannot be ruled out – OPEC source

A return to oil production cuts by OPEC and its allies next year cannot be ruled out, a senior OPEC source said on Wednesday, to avert a possible supply glut that could weigh on prices. The source was responding to a report by Russia’s TASS news agency that Russia and Saudi Arabia had started bilateral […]

Who On Earth Would Sell Crude With Iranian Oil Sanctioned?

The question of this article is facetious. Maybe some will find it amusing. In my article, Trump Signals Drawdown Of The Strategic Petroleum Reservedated August 21, 2018, I mentioned several options President Trump had to manage the impact of the sanctions on Iran: get Saudi Arabia and friends to maximize their production, grant waivers to reduce […]

Natural gas prices surge on surprise forecast for cold weather across US

Natural gas prices are surging after a dramatic change to U.S. weather forecasts indicates that winter-like temperatures will grip much of the country in the coming days. The surprise forecast comes on the heels of a two-month rally that pushed natural gas futures up 12 percent through last week. Prices have lately been trading at […]

Cohn Sees No ‘Instant Cure’ on U.S.-China Trade After Midterms

Ex-White House economic adviser Gary Cohn said he didn’t expect Democratic election gains to speed the end of President Donald Trump’s China trade war, even as some in Beijing held out hope he might warm to talks. “I don’t think there’s an instant cure for the trade issue,” Cohn told Bloomberg’s New Economy Forum in […]

North American Energy Markets Will Benefit From USMCA

After more than a year of intense negotiations, the United States, Canada and Mexico reached an agreement to update the North American Free Trade Agreement, the 1994 pact that governs more than $1.2 trillion worth of trade among the three nations. The new deal won’t go into effect right away as most of the key […]

Opinion: Local politics matter, especially this year

Baton Rouge’s echo chamber was filled with theories last week about the momentous spike in early voting. Nearly all of the reads and interpretations, including the recent analyses published by Louisiana’s daily newspapers, attributed the 10 percent early voting turnout to a variety of national conditions, such as the Kavanaugh cold, Blue Wave fever and […]

Ballot measures taking aim at climate change fall short

Efforts to nudge the nation away from burning fossil fuels and toward harnessing renewable source of energy were rejected by voters Tuesday across a swath of resource-rich states in the western United States. Voters in Arizona, one of the nation’s most sun-soaked states, shot down a measure that would have accelerated its shift toward generating […]