decline in oil companies’ share values, could trigger a new wave of mergers and acquisitions. Crude oil is now trading well below US$35 per barrel, sharply below its peak of US$147 in July. Some analysts now see oil dropping to as low as US$25 in 2009. As a first response, many oil companies have cancelled…
MARKETS: Oil price plunge could trigger mergers, acquisitions
Posted on December 21, 2008 by EnergyAsia