Austrian energy company OMV said it expects the natural gas market in particular to be challenging this year, focusing its sentiment on European strategies. Rainer Seele, the chief executive officer at OMV, said in a statement a 37 percent decline in year-on-year crude oil prices and “exceptionally low gas prices” meant the company had to consider its 2016 strategy carefully. “In this environment, we are focusing primarily on cash and costs,” he said Wednesday. OMV outlined a new corporate strategy in March that it said put profitability ahead of quantitative growth. The company is among those facing pressure from a weak energy market. A mid-quarter corporate filing highlighted an operating loss of around $2.1 billion last year, against profits of around $1 billion for […]