Bond Vigilantes Push $258 Billion of Oil Debt Past Junk
- Yields on lowest-rated IG energy bonds soar to junk levels
- `Geopolitical game of chicken' intensifies at IHS CERAWeek
This article is for subscribers only.
They have sold off hundreds of oil fields, eliminated thousands of jobs and slashed millions of dollars from capital spending and dividends.
But in this unforgiving new world of $30-a-barrel oil, it’s barely been enough.