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U.S. oil, gas reserve-based loans rise by 5 pct

EghtesadOnline: U.S. oil and gas companies are seeing their credit limits expand for the first time in two years as improving oil prices increase the value of their reserves against which banks lend.
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Publish Date:30/December/2016 | 06:11

U.S. oil industry cheers Trump energy pick, seeks gas export boost

EghtesadOnline: The U.S. oil and gas industry on Wednesday welcomed President-elect Donald Trump's choice of former Texas Governor Rick Perry to head the U.S. Department of Energy, and wasted no time making its first specific request of him: to support increased exports of America's natural gas overseas.
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Publish Date:15/December/2016 | 09:30

Trump faces dilemma as U.S. oil reels from record biofuels targets

EghtesadOnline: The Obama administration signed its final plan for renewable fuel use in the United States last week, leaving an oil industry reeling from the most aggressive biofuel targets yet as President-elect Donald Trump takes over.
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Publish Date:28/November/2016 | 08:41

A $900 Billion Oil Treasure Lies Beneath West Texas Desert

EghtesadOnline: In a troubled oil world, the Permian Basin is the gift that keeps on giving. One portion of the giant field, known as the Wolfcamp formation, was found to hold 20 billion barrels of oil trapped in four layers of shale beneath the desert in West Texas, the U.S. Geological Survey said in a report on Tuesday.
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Publish Date:16/November/2016 | 11:11

Oil Slips as Clock Ticks on OPEC Deal Amid Rising U.S. Supply

EghtesadOnline: Oil slipped from a two-week high in New York as OPEC made another push to finalize an accord on cutting production, while rising crude inventories in the U.S. showed the global surplus remains.
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Publish Date:16/November/2016 | 11:09

U.S. Oil Output Set to Decline as OPEC Deal Up in Air, EIA Says

EghtesadOnline: U.S. crude production is set to decline this year as the Organization of Petroleum Exporting Countries struggles to put a dent in global oversupply, according to the head of the U.S. Energy Information Administration.
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Publish Date:02/November/2016 | 05:53

US Oil Drillers Add Rigs in Longest Streak

EghtesadOnline: US oil producers continue to revive drilling in the shale patch, adding rigs for the fourth consecutive week in the longest streak of increases since August.
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Publish Date:24/July/2016 | 11:27

EIA: South Korea Overtakes China as No. 2 Buyer of US Oil

EghtesadOnline: South Korea overtook China as the No. 2 destination for US crude behind Canada in 2018, as shipments to South Korea soared to a record high of 558,000 barrels per day in December while shipments to China have started to return from zero, according to Energy Information Administration data released Friday.
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Publish Date:10/March/2019 | 13:00

Asian Equities Mixed as Harvey's Impact Assessed

EghtesadOnline: Asian stocks fluctuated and U.S. equity futures fell as investors weighed the damage from Tropical Storm Harvey on U.S. oil refining centers. The greenback maintained losses after Federal Reserve Chair Janet Yellen failed to provide clues on monetary-policy tightening.
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Publish Date:28/August/2017 | 04:53

Asian Equities Mixed as Harvey's Impact Assessed

EghtesadOnline: Asian stocks fluctuated and U.S. equity futures fell as investors weighed the damage from Tropical Storm Harvey on U.S. oil refining centers. The greenback maintained losses after Federal Reserve Chair Janet Yellen failed to provide clues on monetary-policy tightening.
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Publish Date:28/August/2017 | 04:53

Oil prices firm on optimism over declining stocks

EghtesadOnline: Oil prices firmed on Wednesday to hold near eight-week highs hit in the previous session, on expectations of a drawdown in U.S. stocks and as a rise in shale oil production shows signs of slowing.
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Publish Date:26/July/2017 | 05:46