Editorial: That Secret Blend Of Nerves And Crisis

Tim Haïdar

As the price of a barrel of crude danced around the $30 mark in its now customary ceilidh, supermajor BP announced record yearly losses and 7,000 jobs ready for the axe. Even worse news awaits France’s Total, who are expected to confirm a 20 per cent fall in adjusted net profit for 2015. Could either company be snapped up by rivals smelling blood this year? In New York, the Dow Jones experienced a triple-digit dive as unsteady oil and Chinese economic collywobbles spooked quants an...
To continue reading this story get free access