(ShareCast News) - Weak oil prices in 2016 will leave five of seven large European oil companies with financial leverage above the level Fitch Ratings normally considers appropriate for their current ratings, by a median of 0.6x, according to the ratings agency's latest financial forecasts. In a not
Read more(ShareCast News) - Oil markets continued to be strongly oversupplied and the macroeconomic backdrop dire, but 'big oil' was adapting aggressively, which would see it through the storm in the short-term, analysts at HSBC said. Be that as it may, the broker lowered its target prices for all the stocks
Read moreBAKU, Jan 22 (Reuters) - Azerbaijan's oil exports were down 1.6 percent in 2015 compared with 2014, driven by a decline in oil production, a source at the State Customs Committee said on Friday. Azerbaijan exported 32.5 million tonnes of oil last year, the source who declined to be identifi
Read moreBy Oleg Vukmanovic and Sarah McFarlane MILAN/LONDON, Jan 21 (Reuters) - BP's diversion of a tanker of liquefied natural gas (LNG) away from Egypt due to payment issues is the first sign that the country's currency crisis could be jeopardising its energy supplies, traders said. Earlie
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