Oil price crash: 50% of US shale could go bankrupt ...United Arab Emirates

Global demand fears and a new supply crisis have triggered the sharpest decline in oil prices in decades and US shale drillers could become the first victim. Oil opened on Monday down roughly 25 percent, the sharpest decline in decades, and broader financial markets fell so precipitously that the circuit breakers put in place during times of volatility tripped, temporarily halting trading. The list of adjectives available to describe what is happening to the oil market is not adequate. There are now multiple crises unfolding at the same time. First, there is obviously a health crisis – the coronavirus continues to spread. Large swathes

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Last updated : 14 March 2020 clock 06:30 PM

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Oil price crash: 50% of US shale could go bankrupt ...United Arab Emirates

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