MarketsUS energy results offer glimpse inside "hurricane"

April 8, 2015 2:29 PM

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Royal Dutch Shell's £47bn takeover of natural gas producer BG Group has been heralded by some as just the beginning of a wave of consolidation in the industry in the wake of the falling oil price. First-quarter earnings from the US energy sector will offer a reminder of why speculation of more deals is rife.

Of the 10 sectors that make up the S&P 500, energy is forecast to record the steepest drop in earnings, as Brent crude, the global oil marker, has declined nearly 50 per cent since its peak in June.

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