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Investors Have $100 Billion to Spend on Oil Assets No One Else Wants

  • Buyout firms target soured loans with eye on taking ownership
  • Drillers unload assets to stay afloat as cash crunch deepens
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Global Oil Markets Will Continue to Re-Balance This Year

Updated on

The long wait may finally be over.

Since the great crash of oil in mid-2014, more than $100 billion has been raised by buyout firms and distressed-debt funds eager to scoop up energy assets on the cheap. But as the months rolled by, few opportunities cropped up as cash-starved drillers limped along with the help of their bankers.