Banks Plan To Cut Oil Lending Even More This Year – ValueWalk Premium

Banks Plan To Cut Oil Lending Even More This Year

Oil lending could go down even more

Even though the price of oil has nearly doubled from its lows printed at the beginning of last year, it seems that for many oil and gas companies, the downturn continues to weigh on operations.

According to the most recent issue of the Haynes and Boone, Borrowing Base Redeterminations Survey, conducted last quarter, around 24% of exploration and production borrowers expect to see a decrease . . .

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