NEWS U.S. FIRMS STILL RESTRUCTURING, CUTTING COSTS UNDER OIL PRICE UNCERTAINTY

A.D. Koen Senior Editor-News Despite more than a decade of downsizing, continuing uncertainty in oil markets is forcing U.S. petroleum companies into another round of cutting and restructuring operations. Wellhead gas prices in the U.S, although still volatile, in the past 2 years have risen to levels adequate to allow profits for most producers in that sector. Hi her s reserves valuations have strengthened producers' overall balance sheets.

May 16th, 1994
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