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Deeper production cuts by oil majors can save energy industry
Risk of defaults and bankruptcies is rising as oil prices continue to plunge
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DeeperDive is a beta AI feature. Refer to full articles for the facts.
The meltdown in oil prices has put in peril the entire global energy industry value chain and its lenders, even though the solution to the crisis is pretty obvious.
Oil producers have to restrict even more output than they had agreed to earlier this month to match demand.
