US | Egypt Oil & Gas - Part 20
Balancing Physical Risks and Financial Gains Posed by Excess US Oil Storage
Just as Wall Street says the U.S. is running out of room to store oil, it turns out there’s another 20 million barrels of empty space.
US Shale Production Increases for February Even as Rig Count Falls
U.S. shale production continued to tick upwards in February despite months of price volatility and falling rig counts, a new report by Platts said.
Oil Prices Driving US Shale Bankruptcies and Junk Bond Growth
The rise in junk bonds and bankruptcies are the latest sign of stress in the petroleum sector
US Businessmen, Politicians Up in Arms Over First Ever Fracking Rules
U.S. drillers already reeling from a six-month drop in oil prices denounced new U.S. fracking regulations as costly and unnecessary, and quickly met them with a lawsuit.
OPEC Expects US Shale to Decrease in Coming Year
US shale oil producers could reduce output late this year if low oil prices continue, according to a new report from the Organisation of Petroleum Exporting Countries (Opec).
Western Oil Workers in Danger in Saudi, US Embassy Declares
The U.S. Embassy in Riyadh canceled all consular services Sunday and Monday in the Saudi capital, as well as in Jeddah and Dhahran, amid heightened security concerns.
Iran: Steadfast Over Nuclear Power, Sorting Details Out with US
Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi stressed that Iran's redlines for any final nuclear deal with the Group 5+1 (the US, Russia, China, Britain and France plus Germany) remain uncha ...
US Courts Still in Deadlock Over BP Spill-Size Decision
The U.S. is fighting a judge’s decision that shaved more than $4 billion off the maximum pollution penalties BP Plc must pay for its 2010 Gulf of Mexico disaster, the biggest offshore oil discharge in U.S. history.
