'Nasty year' leaves oil investors wary as profits fall short
"It was a pretty nasty year, one of the toughest years ever for the global oil industry," said Sarah Emerson, managing director at Energy Security Analysis Inc. As several major oil companies get ready to announce 2016 results, it is clear that grim headlines may not yet be over.
JOE CARROLL, BLOOMBERG
Crude prices may have stabilized, but it is still not a great time to be Big Oil.
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