First Quarter Proves Tough Start to 2013 for Integrated Oils

摘要

The first quarter of 2013 was not a kind three months for the world's top publicly traded integrated oil companies. US equities surged to all-time (albeit non-inflation adjusted) highs, US gas prices climbed 20% to their highest levels in 18 months, and oil prices remain robust as they sit above $100 per barrel outside the US. Yet most of the constituents on EIF's Global Oil & Gas Index have failed to trade in positive territory so far this year, with just six of the 21 equities tracked by the index ending the first quarter higher than they started 2013.