Reuters reports US energy companies are scrambling for cash and face likely restructuring.<br />Shale producers, refiners and pipeline companies are struggling under heavy debt loads amid the worst crisis to ever hit the oil industry.<br />Fuel demand has tumbled roughly 30% worldwide as the coronavirus pandemic destroys demand for transport.<br />That's created an oil glut that has hammered global prices and left energy companies with no choice but to pump hundreds of millions of barrels into storage.<br />At that same moment, Saudi Arabia and Russia started an oil price war. Riyadh flooded the market with even more crude.
