Oil and gas firms holding less cash and assets than a year ago

The value of cash and assets held by leading oil and gas companies has fallen by more than £10bn (€12.8bn) in the past year.

A report claims firms were "burning through" cash piles at a record pace as weak oil prices continue to "wreak havoc" in the sector.

Binary options trading platform Banc De Binary said the value of cash and other assets of firms listed on the Stock Exchange had fallen to around £141bn (€181bn).