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Commodities Briefing - Categorized | Commodity Crisis, Oil more

Credit crunch ‘hits oil industry’

Posted on 12 February 2009

From BBC: The banking crisis is going to hit exploration and development in the oil industry over the next 12 to 18 months, a report has warned. Oil and Gas UK blamed the situation on a combination of low oil prices and the freezing of capital markets.

The assessment comes after a survey of 75 companies. The organisation called for the industry and government to act….. Full Article: Source


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VRS - who has written 41751 posts on Opalesque Commodities Briefing.


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