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Cash-flush Oil Industry Has Less Appetite For Debt

Demand for loans from the oil and gas industry fell by 6% last year as the industry managed to deleverage.

Oil and gas industry s strong free cash flow to support increasing production targets

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

Oil Producers Flush With Cash Cut Reliance on Loans

(Bloomberg) Last year, the demand for loans from fossil-fuel companies fell 6% year-on-year and that followed a decline of 1% in 2022.Most Read from BloombergTesla Soars on Tentative China Approval for Driving SystemStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterYen Sparks Intervention Suspicion After U-Turn From 1990 LowsWhat 60,000 Headlines Say About the Fed’s Next MoveUS Warns ICC Action on Israel Would Hurt Cease-Fire ChancesFrom a climate perspective, this may sound lik

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