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US shale oil producers feeling the squeeze as banks tighten credit lines

Tuesday, April 12, 2016 - 05:50

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Nearly two years into an epic oil rout, US shale drillers that have upended global energy markets are finally feeling a credit squeeze as banks make their biggest cuts yet to their loans.

New York

NEARLY two years into an epic oil rout, US shale drillers that have upended global energy markets are finally feeling a credit squeeze as banks make their biggest cuts yet to their loans.

Every six months, oil and gas producers and their banks negotiate how much credit

sentifi.com

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