Mid-Week Review – March 25, 2020

Prepare for the Next Wave of Oil Bankruptcies Last year, the energy industry was rocked by record bankruptcies and write-downs that did not spare even the oil majors. According to Energy and Restructuring law firm Hayes and Boone’s, a grand total of 50 energy companies filed for bankruptcy last year, including 33 oil and gas […]

Goldman Sachs Slashes Brent Target to $20

Yesterday, crude prices fell over 10% as markets considered how to account for the demand destruction caused by the coronavirus.  Both WTI and Brent crude fell below $30/bbl yesterday – to the lowest level in four years.  Equities also dropped more than 10% yesterday in a round of panic selling touched off by the Fed’s […]

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The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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