1Q2015 WORLD OIL & GAS KEY POINTS

• Crude oil prices in first-quarter 2015 were the lowest in several years, which contributed to reduced profitability for these companies compared to previous quarters.
• Although companies reduced investment spending, declines in operating cash flow were greater, contributing to a decline in cash balances.
• Many companies raised funds from debt or equity markets—as a group, they raised the highest amount in any quarter since 2010.
• The global oil and natural gas companies were less profitable than the U.S. manufacturing sector.
• Second-quarter 2015 results could show continued declines in profits, cash flow, and capital expenditure.

eia.gov

 More:

OPEC: LOWER DEMAND

OIL PRICES DOWN 8%

GLOBAL LNG

GAS PIPELINE GAMES

EU GAS DIFFICULTIES