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.

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Perspective
15 May 2026

Shopping lines: The new darling of export finance

Shopping line credits are emerging as a key evolution in export finance. The tailored and flexible product is bound by procurement commitments unlike rigid buyer credits - but...

Video
19 May 2026

lill Global Symposium: Chris Mitman, Acre Impact Capital

On the sidelines of the lill Global Symposium in Oxford this month, TXF spoke with Chris Mitman, a partner at Acre Capital to find out how deployment is going for its Export...