U.S. producers look for bright spots amid rising job cuts, bankruptcies
U.S. producers look for bright spots amid rising job cuts, bankruptcies
As the price of West Texas Intermediate crude inched toward $40 a barrel in late June, a sense of optimism began to stir among U.S. producers. As more businesses began to reopen from the coronavirus, and more people began driving, energy demand ticked upward.
But the struggles are far from over. The U.S. oil and gas industry has lost more than 100,000 jobs since early February. The Norwegian research firm Rys...