The oil price continues to slide, to USD 45 and USD 40 for a barrel of North Sea brent oil and US West Texas Intermediate, respectively, reaching a 6.5-year low - a development mainly attributed to the slowdown in China's economy as investors fear lower demand.
Meanwhile, new figures released by Standard & Poor's show that global oil and gas companies are responsible for upwards of one fourth of all non-performing loans.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app