All around the world, oil company shares are in recovery mode, many of them climbing back to levels not seen since crude slumped three years ago. But Russia’s largest producer is still waiting for lift off.Rosneft shares have risen just over 3% since the end of June, just a fraction of the double-digit gains posted by Royal Dutch Shell, Chevron Corp and even Lukoil. While the rebound in oil prices to two-year highs buoyed international rivals, the Russian giant led by a close ally of President Vladimir Putin has been hobbled by sanctions and exposure to both Opec cuts and …read more
Source: Gulf times
