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n a weaker than expected market environment, BASF sales in the third quarter of 2015 were €17.4 billion, 5% below the level of the previous third quarter. EBITDA increased by €358 million to €2.9 billion, mainly due to higher depreciation. In contrast, income from operations (EBIT) before special items declined by €171 million to €1.6 billion. In the Chemicals segment, EBIT before special items rose slightly, while it increased sharply in the Functional Materials & Solutions segment. In the remaining segments, earnings declined significantly

Companies carrying cash assets and working with high Free Cash Flow are companies that, generally speaking, could be well positioned for the future.

A string of aggressive growth initiatives from Chinese energy companies like Sinopec and CNOOC shows that the world's second largest economy is very thirsty for oil.