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2016-03-25 19:50:00

OIL & GAS LOSSES: $150 BLN

OIL & GAS LOSSES: $150 BLN

Investors have suffered losses of at least $150bn in the value of oil and gas company bonds, as the slump in crude prices since the summer of 2014 has fuelled fears of a wave of defaults in the US and emerging markets.

The 300 largest global oil and gas companies have also seen $2.3tn sliced from their stock market value over the same period, a 39 per cent slide since oil began its decline, an analysis by the Financial Times has found.

The losses show how intense the financial strain on oil producers from falling crude prices remains, in spite of the partial recovery in prices since January. Oil is still down…

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Tags: OIL, GAS, PRICES, FINANSIALS

Chronicle:

OIL GAS LOSSES: $150 BLN
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