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Tag Archives: Kansas City Fed Survey

Almost 40% of drillers may be wiped out if oil rout persists – Kansas City Fed.

Two oil workers working on pipes

BLOOMBERG, APRIL 7, 2020 Oil companies warn Kansas City Fed of widespread insolvencies | Bank survey finds deep pessimism among industry respondents By Rachel Adams-Heard and Catarina Saraiva for Bloomberg – Almost 40% of oil and natural gas producers face insolvency within the year if crude prices remain near $30 a barrel, according to a new survey by the Federal Reserve Bank of Kansas City. …

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