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Iran to Make Life Worse for Gulf Rivals Tormented by Oil Slump
©2016 Bloomberg News O13WTI6JIJUO (Bloomberg) — As Iran emerges from a decade of international sanctions, its Gulf Arab rivals are facing their toughest economic predicament since the global financial crisis. Governments across the six-nation Gulf Cooperation Council are taking unprecedented measures to counter the slump in oil prices, curtailing some
In the Heart of the Texas Oil Patch, It’s Gas That’s Taking Off
©2015 Bloomberg News NWA8296KLVRV (Bloomberg) — The oiliest county in Texas has seen its new natural gas production capacity more than double as drillers home in on their most profitable acreage. The peak output rate from new gas wells in Karnes County has surged 134 percent since January, estimates from
