Oil bankruptcies ahead as supply glut continues rise
As oil supply continues to rise, producers begin to feel the pinch.
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The glut of crude keeping global prices at record lows will continue for some time as the battle for market share continues in the oil sector, say experts.
Both Opec and non-Opec crude oil production remains high, but the low market crude price is proving insufficient to stimulate consumption in
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Nathan Smith
Wed, 04 Feb 2015
Wed, 04 Feb 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Oil bankruptcies ahead as supply glut continues rise
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