A tragedy shakes the world of oil stocks, already under stress from the continuous decline in oil values. Last night, in a plane crash near Moscow, the CEO of Total, Christophe de Margerie, one of the best known and most influential figures in the sector, died.
In the accident, which allegedly occurred "by mistake", three other French citizens were also killed. A twist that could have repercussions on prices, which are already in difficulty.
In fact, yesterday oil stocks (European Stoxx -2,3%) accelerated their decline, following the new drop in crude oil: Brent at 84,7 dollars a barrel (-1,6%). Eni lost 2,2%, Saipem -2,8%, Tenaris -1,6%. In Paris even before the tragedy, Total was down by 2,7%.
