Whiting Petroleum files for bankruptcy protection

0
46

Trump told reporters that he expects Saudi Arabia and Russia to end their price war in a “few days.”

Denver based Whiting Petroleum said Wednesday that it has filed for bankruptcy, citing the severe drop in oil and gas prices because of the coronavirus pandemic and the price war between Saudi Arabia and Russia.

this comes after The Fed said an economic sudden stop could cost 47 million jobs and send the unemployment rate past 32%, according to St. Louis Fed projections.