This was a bad week for oil, but most in that industry are having trouble remembering a good one. The slump in prices has led to revisions to earnings per share for the world’s ten largest integrated oil companies. This week, oil fell to its lowest in six years. What affects the news is simple enough: OPEC is not planning on curving production, and there is a serious oversupply. That decision was taken a long time ago, but was affirmed last Friday, December 4th. All that has happened since is th...


This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now