WILMINGTON, Del., Feb 22 (Reuters) - Within weeks, two low-profile legal disputes may determine whether an unprecedented wave of bankruptcies expected to hit U.S. oil and gas producers this year will imperil the $500 billion pipeline sector as well.
(Mon, 22 Feb 2016) In the United States, the East Coast and Gulf Coast are highly dependent on each other to balance supply and consumption of transportation fuels. East Coast transportation fuels consumption is met through a number of supply sources, but none is more important than supply from the Gulf Coast. Conversely, surplus supply in the Gulf Coast is distributed to a number of domestic and foreign markets, but none is larger than the East Coast.
SINGAPORE, Feb 22 (Reuters) - Singapore's DBS Group said if oil prices dip to $20 a barrel and stay at that level for two years, its total provisions on its oil and gas portfolio won't exceed S$200 million ($142.55 million).
LONDON, Feb 19 (Reuters) - The U.S. oil and gas industry has lost around 100,000 jobs over the last 16 months, according to the U.S. Bureau of Labor Statistics (http://tmsnrt.rs/212GuVD).
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