Oil Producers Ready to Break Chapter 11 Bankruptcy Records – Forbes

Oil Producers Ready to Break Chapter 11 Bankruptcy Records – Forbes

In terms of overall debt, the industry hovers around $ 53 billion for 2020 so far.

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So far 2020 has been a tumultuous year for oil producers. Since the black swan events of the Russian-Saudi supply dispute and COVID-19 collided in early March, the past six months have plunged oil producers into unforeseen places. One of those places is the bankruptcy court; and my boy has…

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