Repsol

Repsol

The Oil Sector Below The ‘Break Even’: ENI’s DPS Would Be In Danger; Total’s And Repsol’s Would Not

Brent crude oil is trading at $36 a barrel, down 20%, after OPEC and Russia broke off negotiations on Friday to try and cut the supply by 1.5 million barrels a day. At these levels, it completely breaks through the level indicated by the sector as break even, namely 45-55 dollars. Banco Sabadell analyses the sensitivity of the stocks they cover to variations in crude prices: Repsol, Total and ENI.









Repsol

Repsol registers new subsidiary to manage its green energy business

Spanish oil-and-gas company Repsol SA  just created a new subsidiary for its renewable energy business: Repsol Renovables. This new company will be responsible for carrying out the new green energy projects that the oil company has for more than 1Bn investment.