Offshore

Investors in big oil bracing for bad news as headwinds gather

A slide in energy prices, slow global demand and slighter chemical margins loom over the oil industry as the sector's supermajors get ready to publish their interim reports in the coming weeks.
Photo: NERIJUS ADOMAITIS/REUTERS / X03961
Photo: NERIJUS ADOMAITIS/REUTERS / X03961
BY KEVIN CROWLEY AND KELLY GILBLOM, BLOOMBERG

Slumping energy prices, sluggish global demand and shrinking chemical margins are weighing on the oil industry as its biggest names prepare to announce quarterly results to investors demanding ever-higher payouts.

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