OPEC cuts demand growth forecast after delaying hike in output
The Organization of the Petroleum Exporting Countries slightly cut its forecast for oil-demand growth after delaying its planned output hikes last week in a...
U.S. container imports jump 12.9 percent compared to a year ago
Imports of U.S. container cargo in August jumped 12.9% from a year ago as a summer volume surge delayed cargo at major ports and...
LMOGA President Tommy Faucheux says industry is ‘hurricane-ready’
Louisiana’s oil and gas industry is “hurricane-ready” ahead of Tropical Storm Francine, according to a statement from Louisiana Mid-Continent Oil and Gas Association President Tommy Faucheux.
Offshore...
U.S. manufacturing edges up after eight-month low
A gauge of U.S. manufacturing edged up last month from an eight-month low in July amid some improvement in employment, but the overall trend...
Crude oil inventories rise for first time in weeks
Crude oil inventories rose for the first time in seven weeks, according to data released Wednesday. Commercial crude oil stocks excluding the Strategic Petroleum...
Greenfield halts plan to build $800M terminal in St. John the Baptist Parish
Greenfield Louisiana LLC announced last week that it would no longer build its proposed $800 million grain export facility near a historically Black community...
EV battery component manufacturing poised to be Louisiana’s next big industry
It’s not likely that Louisiana’s fledgling electric vehicle battery industry would even exist without federal assistance, but state economic leaders really don’t care.
As Baton...
Why electric vehicles are cheaper than ever
Automakers are splurging on financing deals and cash incentives to entice buyers to close on electric vehicles, The Wall Street Journal reports.
The discounts come after demand has...
Total Quality Logistics to open Baton Rouge office, create 98 new jobs
Total Quality Logistics, a global freight brokerage and logistics firm headquartered in Cincinnati, is opening a new office in Baton Rouge.
TQL is the second-largest...
A new logistics park is being developed in Ascension Parish
Two Louisiana-based firms—JRE Capital and Ratcliff Development—are partnering to develop a new logistics park on 186 acres of farmland in Geismar.
Located along Interstate 10 in the...
