The plummeting crude oil prices are hitting hard on the profits of big International Oil Companies (IOCs). For example, Chevron, ConocoPhilips, Shell and Exxon Mobil posted disappointing earnings in their fourth quarter report for 2014 as a result of the declining crude oil prices. The price of Organisation of Petroleum Exporting Countries (OPEC) basket of twelve crudes stood at $44.83 a barrel on Friday, compared with $43.88 the previous day, Read more @ Guardian
No comments:
Post a Comment