Crude slump sees oil majors' debt double to USD 138 bln

The sliding oil price has made the global oil majors' aggregate debt climb to dizzying levels, and this triggers increased concerns about further setbacks in the companies desire to invest.

BY JAVIER BLAS, BLOOMBERG NEWS

When commodity prices crashed in late 2014, oil executives could look at their mining counterparts with a sense of superiority.

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Halvor Sveen is chief executive of Oslo-based shipping bank Maritime & Merchant. | Foto: Marine Money/Oscar May

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