Soft Prices, Weak Demand Expected to Thin the Ranks of Oil Producers
Soft Prices, Weak Demand Expected to Thin the Ranks of Oil Producers
SUGAR LAND--September 1, 2020--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--If West Texas Intermediate (WTI) crude oil prices remain in the $40 to $50 per barrel range through the end of 2021, as investors expect, over 100 oil producers and oilfield services companies will be forced to file for Chapter 11 bankruptcy protection, speakers told two Oil & Gas virtual conferences last month.
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