Energy finance house of the year: SG CIB
Bank executes innovative deals with range of commodities, countries and projects
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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