US energy bankruptcy spike continues on credit, squeezing oil prices
FILE PHOTO: A pump jack operates in front of an oil rig at sunset in an oilfield in Midland, Texas, USA August 22, 2018. REUTERS / Nick Oxford / File Photo
(Reuters) – 16 other U.S. energy companies filed for creditors’ protection last month, reflecting crude oil prices below profitable levels for many companies, according to a report by law firm Haynes and Boone on Tuesday.
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