US | Egypt Oil & Gas - Part 18
Iran and US Trade Claims Over Oil Contracts, Meetings Claims
The US State Department says it cannot confirm a report that an American oil delegation plans to visit Tehran within the next few days to discuss business.
The Shale Boom Is Over For Now
The meteoric rise in U.S. oil production has ended, easing a global glut and driving a rebound in crude prices from below $50 a barrel, according to crude trader and hedge fund manager Andrew J. Hall.
US Rig Count Declines
U.S. oil companies sidelined 24 oil-drilling rigs this week, according to Baker Hughes’ rig count released Friday, bringing the count to its lowest point since October 2010.
US Oil Futures Steady Despite Iranian Incident
U.S. oil benchmark futures held steady around $57 a barrel before government data forecast to show crude inventories expanded from a record.
Gasoline Prices at 4 Month High in US
Gasoline prices are climbing again, pumped up by a rallying oil market and a seasonal switch to more expensive summer-blends, but motorists still are enjoying the cheapest springtime fuel in six years.
Crude Oil Price Climbs as Analysts Fear Disrupted Supply from Middle East
Brent crude oil has increased to $65.37 per barrel amid concerns over disrupted supply from Middle East and slowdown in US shale oil production
Contaminated Crude Being Shipped from US to Asia
One million barrels of oil. Enough to fill more than 60 Olympic-sized swimming pools. And there it sat in tanks outside San Francisco -- for three years -- despite crude prices that topped $100 a barrel.
Canadian Banks Liable to US Shale Producers After Plunging Oil Prices
Canada’s biggest banks are on the hook for at least $478 million of the $26 billion owed to U.S. oil and gas firms that bought protection against plunging crude prices.
