U.S. Oil Producers Issue The Most Debt And Equity Since August ...Middle East

Higher oil prices and low interest rates have prompted listed independent U.S. oil producers to raise in March the most financing via debt and equity issues since August last year, the Energy Information Administration (EIA) said on Friday. The EIA used data from industry intelligence provider Evaluate Energy and found that the listed U.S. firms issued a total of $4.4 billion in debt and equity last month. This amount was the highest since August 2020 and higher than the five-year (2016–2020) median of $2.4 billion, the EIA said. The administration,…

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