Energy Industry Lessons As The Oil Price Slump Turns 3
Law360, New York (June 19, 2017, 6:11 PM EDT) -- Three years ago Tuesday, U.S. crude oil prices climbed close to $108 a barrel, a day after global Brent crude oil prices topped $115 per barrel. They haven't hit those heights since, and lag in the $40s today.
The long slump, the first since the global recession of the late 2000s, sent hundreds of oil and gas companies into bankruptcy and largely froze major deal-making and development until a recent oil price recovery and stabilization around the $50 per barrel mark spurred a modest thaw.
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