You are here

April's credit-line reset looms for cash-short US oil drillers

Wednesday, January 21, 2015 - 05:50

New York

OIL and gas companies have April circled on their calendars.

That's when their lenders will recalculate the value of properties that energy companies staked as loan collateral. With those assets in decline along with oil prices, banks are preparing to cut the amount they'

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom