Energy

35% Of Independent Oil Companies On The Edge Of Bankruptcy

Daily Caller News Foundation logo
Chris White Tech Reporter
Font Size:

More than 35 percent of independent oil producers are teetering on the edge of bankruptcy this year, according to a new study.

Rock bottom crude prices and mountains of debt could claim the scalps of 175 highest-risk companies across the world, Deloitte analysts argue.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.