31 May 2016

U.S. energy bankruptcy wave surges despite recovering oil prices

The wave of U.S. oil and gas bankruptcies surged past 60 this week, an ominous sign that the recovery of crude prices to near $50 a barrel is too little, too late for small companies that are running out of money. On Friday, Exco Resources Inc, a Dallas-based company with a star-studded board, said it […]

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