Oil has shed two-thirds of its value since mid-2014 in a rout that essentially means gains from a decade-long commodity super-cycle have been wiped out — as if China’s unprecedented energy demand boom had never happened. Brent crude is at its lowest in over a decade, eclipsing losses from the 2008 global financial crisis, and most agree there is little chance of significant recovery in 2016. Concerns about swelling global supply and slow demand sparked by Chinese economic jitters have persisted as the market seeks a price floor. The ripple effect is wide and deep, battering the shares of international energy majors such as Exxon, Chevron, BP, Royal Dutch Shell and Total, with more than a trillion dollars of market capitalization lost from oil stocks worldwide. Oil exporting countries have suffered sharp devaluations of their currencies, and been […]