U.S. Oil Bankruptcies Shoot Up In Q1 2021 ...Middle East

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U.S. Oil Bankruptcies Shoot Up In Q1 2021
source : OILPRICE ( Middle East ) () 29
The number of North American producers that filed for bankruptcy protection in the first quarter of 2021 reached the highest number for a first quarter since 2016, yet the wave of bankruptcies has significantly slowed since the peaks in the second and third quarter of 2020, law firm Haynes and Boone said in its latest tally to March 31. The Oil Patch Bankruptcy Monitor showed that eight producers filed for bankruptcy this past quarter, which was the highest Q1 total since 2016 when 17 oil producers in North America sought protection from creditors.…

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