Archives for 2016
EPA: ‘Data gaps’ block verdict on fracking, drinking water
WASHINGTON — Hydraulic fracturing to drill for oil and natural gas poses a risk to drinking water in some circumstances, but a lack of information precludes a definitive statement on how severe the risk is,...
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Oil trades near $53 after OPEC-driven rally as shale gains seen
Oil traded near $53 a barrel in New York as the market shifted focus from production cuts by OPEC and other countries to how growth in U.S. shale output will affect the global supply balance in...
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How did Texas’ oil capital do in the price crash?
Houston’s not the only Texas town to handle the 2-year-old oil price crash better than previous downturns. Early indicators suggest Midland, the West Texas city whose economy is entirely reliant on the oil-and-gas industry, didn’t...
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OPEC’s ideal price is $60 to avoid shale oil revival
Oil prices at $60 a barrel would be “ideal” for OPEC as higher levels risk sparking a recovery in competing supplies from the U.S., according to Nigeria’s petroleum minister. The “urgency” felt by the Organization...
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Russia’s Rosneft buys part of Egyptian gas field for $1.6B
Rosneft PJSC agreed to buy as much as 35 percent of a natural-gas project off Egypt, joining Eni SpA and BP Plc in the largest discovery in the Mediterranean Sea. The Russian company will pay...
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