MARKETS

UK oilers suffered in price crash

THE past few years have been a horror show for North American oilers and services companies, as the quarterly index from US law firm Haynes & Boone shows, but the smaller UK sector has not been left unscathed, with insolvencies at a five-year high in 2016.

An Apache worker in the North Sea.

An Apache worker in the North Sea.

  In total, there have been 232 bankruptcy filings in the US and Canada that represent $96.2 billion in debt since the beginning of 2015, according to a year-end bankruptcy report from Haynes and Boone,...

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