You are here

Spending cuts derail chain of new oil projects

Collapsing oil prices starve companies of cash, cripple growth, set up potential for supply shortage in future
Monday, January 12, 2015 - 05:50

Chicago

DANGEROUS and difficult oil fields that looked like goldmines when crude fetched more than US$100 a barrel have turned into money pits as oil crashes to multi-year lows.

Collapsing oil prices not only shrink profits for producers and imperil dividend payouts prized by

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom