Bankruptcy looms over U.S. energy industry, from oil fields to pipelines

Bankruptcy looms over U.S. energy industry, from oil fields to pipelines
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28.04.2020

MOSCOW (MRC) -- U.S. shale producers, refiners and pipeline companies are scrambling for cash and face likely restructuring as they struggle under heavy debt loads while engulfed in the worst crisis the oil industry has faced, said Reuters.Fuel demand has tumbled roughly 30% worldwide as the coronavirus pandemic destroys demand for transport, provoking a massive glut of oil that has hamme

Full article at mrcplast.com

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