Trending FOX BUSINESS News: Offshore oil driller Diamond files for bankruptcy after OPEC-Russia price war, coronavirus outbreak

Sunday, April 26, 2020

Offshore oil driller Diamond files for bankruptcy after OPEC-Russia price war, coronavirus outbreak

The Houston-based contract driller said it sought chapter 11 protection after the downturn in the offshore-drilling industry "worsened precipitously" because of the oil-price war between the OPEC countries and Russia along with the COVID-19 pandemic.

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