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Tough war ahead to stabilise oil prices as shale producers file bankruptcies

A rash of bankruptcy filings from shale oil producers reveals the destructive impact the coronavirus-induced slow oil price is having on US oil production and the battle ahead to keep oil markets stable. Shale producers, including Whiting Petroleum, a major shale driller in North Dakota, filed bankruptcy in April. Chesapeake Energy, a shale pioneer, declared…

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