News
22 March 2017

Oil's bad timing pressures drillers as banks review loans

Region:
Middle East & Africa, Americas, Asia-Pacific, Europe

The rally in global oil prices has stalled at the worst possible time for explorers - just as banks reassess credit lines crucial to their growth. A drop below $45 could spur credit-line reductions, raising the spectre of cuts that crippled drillers a year ago.

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