Jim Tisch said “chaos continues to reign over the energy market” after the slump in commodity prices fueled a fourth-quarter loss and stock decline at his Loews Corp. “If these pricing levels persist over the next two years, we’ll be in a drastically under-supplied oil market,” Tisch said Monday in a conference call discussing results at New York-based Loews. “The natural-gas market is under the same dark cloud, as the entire energy industry is being affected by this precipitous downturn.” Loews posted a net loss of $201 million for the three months ended Dec. 31, as the Diamond Offshore Drilling Inc. unit wrote down the value of rigs and halted its quarterly dividend. Loews fell 1.6 percent to $35.71 at 11:29 a.m., extending its decline for the year to 7 percent after slumping at least 8 percent in both 2014 and 2015. Tisch took a more pessimistic tone than […]

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