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Oil Majors Continue To Take On Debt to Pay Dividends
The second quarter saw a remarkable plunge in refining margins, taking away the one source of comfort for the integrated oil majors.

Venezuela and Ecuador Increasingly Desperate to Restructure Oil for Loans Deals with China
Low oil prices are impacting Chinese oil for loans deals, forcing Venezuela and Ecuador to ask for restructured agreements as they remain mired in debt and strapped for cash.

Oil Major Debt at Record Level as Companies Refuse to Cut Dividends
The oil majors are living off of yesterday’s discoveries, and choosing to pay shareholders at the expense of future growth.

Panel: Market Sentiment to Make or Break Future of Shale Producers
Cheap debt—the instrument that enabled the tight oil boom to take place to begin with—is now its greatest vulnerability. An expert panel discussed the various financial instruments being used to manage and restructure the long shadow of debt over the industry.

For Stable Independent Producers, Quality of Shale Assets for Acquisition Is Improving
At the Independent Petroleum Association of America's investment symposium, a small number of well-positioned companies are explain how they have survived the price downturn, and express significant optimism for what's to come.

Shale’s Dirty Secret: Citi Research on Why Capital Markets Are the New OPEC
North American crude oil producers are not cash flow positive, and haven’t been since the beginning of the shale boom. With oil prices set to stay low, here's how the sector will rebalance itself.

Indebted Shale Oil Companies See Rough Ride Ahead
Shale drillers, with diminishing access to inexpensive debt and the cushion of price hedges, face a murky outlook as oil prices seem unlikely to rebound.