ByJosie Cox Reuters Stocks in European energy companies took a beating on Tuesday as the price of oil tumbled to a close to four-year low, in the wake of Saudi Arabia unexpectedly cutting prices for crude sold to the U.S. Shares in offshore driller Seadrill Ltd. tumbled more than 6% to the bottom of the Stoxx Europe 600 index, which was flat on the day, while Tullow Oil PLC, Statoil ASA, Total SA, Royal Dutch Shell PLC, BG Group PLC and BP PLC slipped too. That sent Europe’s oil and gas index down 2.5% by midday, making it the worst performing sector across the region. “We’ve been very concerned about oil for a long time and have therefore only got very minimal exposure to the sector, but the news out of Saudi Arabia is certainly of major concern for any of the players in the sector,” said Colin McLean, […]