ShippingWatch

Oil price reaches lowest levels since 2009

The sliding oil price took a big hit from China's currency unrest and reaches its lowest level in more than six years. New numbers from Standard & Poor's show that oil and gas companies are behind one fourth of all non-performing loans.

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.

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
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs