2) “Another market that’s visibly shaken is the high yield debt market. As oil production accelerated in recent years, drillers financed much of their new ventures with debt. Prices on these debts have come down significantly, as evidenced by the High Yield Bond ETF (HYG).
Side note: I somehow got on this accredited investor list over the summer and received at least a dozen calls from companies raising money for joint ventures, particularly for oil drilling and exploration. These drillers were all underwriting to $85 per barrel or higher. I love cold calls because it teaches me sales tactics and gives me a bit of market insight. Unfortunately the calls have since completely stopped.”
3) “Как сообщает радио SVT, в Норвегии прекратили работу 15 нефтяных платформ, более семи тысяч рабочих уволены.
Местные СМИ уже во всю критикуют власти страны за необдуманную внешнюю политику и винят их в серьезных экономических проблемах государства.”