Even in a rising oil price environment, there are losers among oil stocks. Until last year, Russia’s Yukos, Singapore’s China Aviation Oil (CAO) and India’s Reliance Energy were three highly rated companies with a promising future. Yukos is now about 3% of its peak size, CAO is fighting for its life while Reliance Energy has…
COMPANIES: The decline of Yukos, CAO, Reliance in a rising oil industry
Posted on February 14, 2005 by EnergyAsia