Fitch: EU, U.S. firms hurt by energy downturn

Fitch: EU, U.S. firms hurt by energy downturn
New York (UPI) Nov 3, 2015 - Fitch Ratings agency said the low price of crude oil and natural gas is damaging the economics for players in the U.S. and European markets. The price for Brent crude oil, the global benchmark, of around $49 per barrel is roughly 45 percent lower than this date in 2014. Global energy companies as a result are reporting weak profits and, for European companies, the weakness is expected t ... morehttp://www.oilgasdaily.com/reports/Fitch_EU_US_firms_hurt_by_energy_downturn_999.html