BP Will Axe 10,000 Jobs In Response To Coronavirus Downturn
Jobs cuts will largely affect management roles and are part of oil major's "transition plans."
View ArticleWind Power Ups John Laing Environmental Fund To FTSE 250 Index
Renewable energy infrastructure investment fund boosted by a rise in assets with a market capitalization uptick of nearly 11%.
View ArticleOccidental Petroleum’s Stock Slump, $40 Billion Debt And Junk Status Flag...
Once a rising star of the oil industry, the Houston-based company lurches from one crisis to another having lost nearly 60% of its value since the start of 2020.
View ArticleChapter 11 Bankruptcy Statistics On U.S. Shale Patch Are Not The Best...
Figures on distress filings under the American bankruptcy process were used by detractors to predict the fall of shale in the 2015-16 oil market downturn. Such forecasts fell well short back then and...
View ArticleOil Futures Will Languish Below $50 Until Aviation Sees Post Covid-19 Bounce
As long as the aviation sector continues to suffer, crude oil prices will fail to recover.
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