US Shale Oil Producers Struggle with Financing
Thursday, 2nd April 2015
Lenders are preparing to cut the credit lines to a group of junk-rated U.S. shale oil companies by as much as 30 percent in the coming days, dealing another blow as they struggle with a slump in crude prices, according to people familiar with the matter.
Saudi Aramco Seeking $10 Billion for Credit, Sources Say
Thursday, 5th March 2015
Saudi Arabian Oil Co., the world’s largest oil exporter, is in talks with banks to raise a $10 billion revolving credit facility at cheaper pricing than Exxon Mobil Corp., according to three people familiar with the matter.