repsol-gas-stationSPANISH oil giant Repsol’s earnings are expected to fall 22% this year.

The international agency Fitch ratings said the firm has a negative outlook given that oil looks set to remain at around €31 a barrel this year.

Repsol, Royal Dutch Shell, France’s Total, Austria’s OMV,  Italy’s Eni, and Hungary’s MOL’s collective earnings fell by 34% last year.

Laurence Dollimore (News Editor)

About Laurence Dollimore (News Editor)

GOT A STORY? Contact me now: [email protected] or call +34 951 273 575. Twitter: @lj_dollimore / @olivepress

This site uses Akismet to reduce spam. Learn how your comment data is processed.