Tullow over a barrel as oil price at 12-year low
Shares that once hit £16 now trading at 130 pence
There’s a joke going around at the moment that the only people making money from the oil business right now are western governments still raking the cash in from huge taxes and excise duty on petrol.
The price of oil continued its seemingly endless slide again last week, falling below $30 a barrel for the first time in a dozen years, nearly 80 per cent below its peak a few years ago.
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