The past 18 months have seen major headwinds for banks providing financing for energy projects. Prices for many commodities were hit by sluggish demand and excess production – most notably crude oil, which declined consistently in the second half of 2014 and early this year. The price of front-month Brent crude oil dipped to under $50 a barrel (/bbl) on Atlanta-based Ice in January, having closed at a high of $115.06/bbl on June 19 last year.
Despite this, Societe Generale Corporate & Investment
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