Could the world’s energy firms be facing a
crisis? According to data by Standard and Poor’s Capital
IQ,… 58 firms filed for bankruptcy protection this year,… up from 20 last year.
It’s the second-highest figure since the aftermath of the global financial crisis in 2009,…
when the corresponding number hit 95. The sharp increase is attributed to a drop
in raw material prices, including crude oil and natural gas,… which in turn decreased
the profitability of the companies.