| 22.01.2009 - Predictions of slump in demand hits oil companies |
| From Timesonline.co.uk: Motorists in Britain might be grumbling as petrol prices begin to nudge up again, but analysts have some good news for them: the slump in oil demand this year is likely to be bigger than expected. That is bad news for the oil companies, of course, and HSBC is predicting that cashflows at Shell, for one, will be negative for the next two years. As a result, its shares slid 44p to £16.11..... Full Article: Source |