Bank cut to oil loans could push producers beyond the brink
U.S. energy producers
face the threat that banks will slash their credit as March’s
crash in oil prices means the asset backing their main loan
facility – crude reserves – is worth less than half of what it
was a month ago.
face the threat that banks will slash their credit as March’s
crash in oil prices means the asset backing their main loan
facility – crude reserves – is worth less than half of what it
was a month ago.
Posted by Reuters
