The World’s Largest Shipping Company Is Already Preparing For The Next Oil Crash

by Tyler Durden
ZeroHedge.com
05/05/2016

It is the risk that the current 60% rebound in oil prices from 2016 lows is just another temporary bounce, that has forced Maersk to start preparing for the next oil crash. The company’s CEO is confident that since the world keeps producing more petroleum than it can consume, it is “adapting its cost base to prepare for the risk of lower crude prices” according to Bloomberg.

The Rest…HERE

This entry was posted on Thursday, May 5th, 2016 at 1:41 pm and is filed under Economics, Oil. You can follow any responses to this entry through the RSS 2.0 feed.