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The view of an oilfield during sunset. for gas news.

Personal debt continues to worry as industry predicts better future

In a recent survey performed by Oil and Gas people in alliance with KPMG, more than 95% of the oil and gas workers reported that they suffered from financial problems due to the downturn in the oil industry. More than 50% of the respondents admitted an increase in debt over the years while 35% of them reported a significant amount of reduction in income every year.

Though the recent news in the oil sector looks positive and may increase employment opportunities in future; an estimation of the time is still quite uncertain.

Source: Oil and Gas People

 

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