In a Q&A for ABF Journal, Gary Pittman outlined the factors that have contributed to a downturn in the oil and gas industry in 2020, how the current environment differs from previous downturns and how the industry will fare into the next year, specifically when it comes to bankruptcy, restructuring and M&A activity.
From Texas wildcatters to Oklahoma riots, the energy business has a colorful and lucrative history reaching back 100 years. Today the rise and fall of energy prices has a global impact. Hugh Larratt-Smith speaks with ABL lenders from the U.S. and abroad to provide a perspective on how ABLs will fare as market volatility continues.
According to Fitch Ratings, volatile commodity prices are weighing heavily on some U.S. companies even as others enjoy stable industry fundamentals.
Bloomberg reported that winners and losers are emerging from the energy bust and provides commentary on a number of situations that have turned sour.
Bloomberg reported that global oil markets will remain oversupplied next year as demand growth slows and Iranian exports are poised to recover with the lifting of sanctions.
Reuters reported regulators are scrutinizing the impact of falling energy prices on bank loans in a move that could make it more difficult for lenders to extend extra credit to troubled oil and gas companies.