united states | Egypt Oil & Gas - Part 5
Solar Power Looking to Outpace Shale in the United States
Move over shale. The sun is now the fastest growing source of U.S. electricity. Solar power capacity in the U.S. has jumped 20-fold since 2008 as companies including Apple Inc. use it to reduce their carbon footprint....
Shale Oil Producers to Ramp Up Drilling: Goldman Sachs
Shale oil producers, benefiting from lower costs, are expected to ramp up drilling activity if the price of U.S. oil stays near $60 a barrel, Goldman Sachs said. “We believe that should West Texas Intermediate p...
Ahead of OPEC Meeting, Crude/Dollar Trade Returns to the Market
A once-popular pair trade pitting the U.S. dollar against oil prices has re-emerged in recent weeks, injecting a new wildcard into the market just as the Organization of the Petroleum Exporting Countries prepares to m...
Oil Trades at near $60 as Number of Active US Rigs Decrease
Oil traded near $60 a barrel as companies in the U.S. reduced the number of active rigs by the slowest pace since a prolonged retreat in drilling that began in December. Futures were little changed in New York after f...
US Pushes Pakistan on Shale Gas Extraction
Politics over energy supplies and trade is increasingly influencing relations between nations around the world and Pakistan is no exception. The United States has given a new suggestion, asking Pakistan to go for expl...
Company Responsible for Santa Barbara Oil Spill Under Investigation
Federal officials are investigating the company at the center of the Santa Barbara oil spill, which has left more than 11 miles of coastline covered with an oil slick. The Santa Barbara district attorney, Joyce Dudley...
Ruptured Pipeline Near Santa Barbara Leaks 21,000 Gallons of Crude Oil
By Matt Hamilton and Javier Panzar A ruptured pipeline near Santa Barbara leaked an estimated 21,000 gallons of crude oil Tuesday, some of which flowed into the ocean and left a thick coat of black tar along the coun...
Oil Prices Fall 3 Percent on Dollar Rally, Over Abundance Fears
By Barani Krishnan Oil prices fell more than 3 percent on Tuesday, with U.S. crude extending losses for a fifth straight day as the dollar rallied and on evidence that the United States and top oil exporter Saudi Arab...
