Saturday, July 11, 2026
Bankruptcy looms over U.S. energy industry, from oil fields to pipelines- oil and gas 360

Bankruptcy looms over U.S. energy industry, from oil fields to pipelines

Reuters NEW YORK – U.S. shale producers, refiners and pipeline companies are scrambling for cash and face likely restructuring as they struggle under heavy debt loads and a dual supply/demand shock in the worst crisis the oil industry has faced. Fuel demand has tumbled roughly 30% worldwide due to the coronavirus pandemic, and just as the health crisis worsened a