Oil And Gas Bankruptcies Jump Despite Rise In Crude Prices ...Middle East

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Oil And Gas Bankruptcies Jump Despite Rise In Crude Prices
source : OILPRICE ( Middle East ) () 28
The oil and gas sector is currently enjoying a mini-boom cycle as economies gradually re-open and oil demand begins to return to a semblance of normalcy. The oil markets are in an upbeat mood once again, with oil futures trading sharply higher on Wednesday after the U.S. government reported a third-weekly drop in weekly inventories while the International Energy Agency (IEA) issued a bullish oil report for 2021.  After declining 8.7 mb/d last year, the IEA now expects world oil demand to expand by 5.7 mb/d in 2021 to 96.7 mb/d. For many U.S.…

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