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

SOURCE: BusinessDay Newspaper        Jul14, 2020.