Tough War Ahead to Stabilise Oil Prices As Shale Producers File Bankruptcies
A rash of bankruptcy filings from shale oil producers reveals the destructive impact the coronavirus-induced slow oil price is having on US oil production and the battle ahead to keep oil markets stable. Shale producers, including Whiting Petroleum, a major shale driller in North Dakota, filed bankruptcy in April. Chesapeake Energy, a shale pioneer, declared…for further reading, click on https://businessday.ng/exclusives/article/tough-war-ahead-to-stabilise-oil-prices-as-shale-producers-file-bankruptcies/
SOURCE: BusinessDay Newspaper Jul14, 2020.