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High risk of bankruptcy for one-third of oil firms: Deloitte
2016-02-16 15:08:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Roughly a third of oil producers are at high risk of slipping into bankruptcy this year as low commodity prices crimp their access to cash and ability to cut debt, according to a study by Deloitte, the auditing and consulting firm. The report, based on a review of more than 500 publicly traded oil and natural gas exploration and production companies across the globe, highlights the deep unease permeating the energy sector as crude prices sit near their lowest levels in more than a decade, eroding...
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Category:Electronics and Electrical