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Tag Archives: five-year high

Oil price slump pushes UK oil and gas sector insolvencies to five-year high

January 3, 2017

LONDON: The oil price slump drove insolvencies in the UK oil and gas sector to a five-year high in 2016, according to accountancy firm Moore Stephens. There was an eightfold increase in the number of companies that collapsed last year, from two in 2015 to 16 in 2016. In 2014, ...