April's credit-line reset looms for cash-short US oil drillers
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
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're willing to lend, crimping the ability of US drillers to keep production growing.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
