News

Oil and Gas

Reuters | Equities.com |

LONDON (Reuters) - BP will cut about 15% of its workforce in response to the coronavirus crisis and as part of Chief Executive Bernard Looney’s plan to shift the oil and gas major to renewable energy, it said on Monday.Looney told employees in a global online call that the London-based company will cut 10,000 jobs from the current 70,100.“We will now begin a process that will see close to 10,000 people leaving BP – most by the end of this year,” Looney sa...


Reuters | Equities.com |

BP’s first-quarter profit tumbled by two thirds and its debt climbed to its highest on record as the coronavirus crisis hammered oil demand, but the energy major kept its dividend despite warning of exceptional uncertainty. London-based BP said it expected significantly lower refining margins in the second quarter when global restrictions on movement to halt the spread of the virus reached their peak, throttling consumption of gasolin...


Matt Bird | Equities.com |

​Murat Seitnepesov, Managing Director of Integral Petroleum interview with Matt Bird on the Traders Network Show, an Equities News original show.


Matt Bird | Equities.com |

Murat Seitnepesov, Managing Director of Integral Petroleum interview with Matt Bird on the Traders Network Show, an Equities News original show.


Marin Katusa | Equities.com |

Alligator investors that have held onto strong cash reserves are salivating at the opportunities. But the million-dollar question is: should we keep waiting, or is now the time to buy?


IRIS.xyz | Equities.com |

Given the uncertainty surrounding how a combination of COVID-19 and lower energy prices will affect both the economy and markets, portfolio construction is front of mind.


Ivan Martchev | Equities.com |

The price of oil is not only about oil demand, which is rapidly deteriorating. It is also about oil supply.


AP News | Equities.com |

Oil prices also recovered some of their losses from Monday’s stunning plunge.


Stephen L Kanaval | Equities.com |

Shares in Aramco closed at 28.35 riyals ($7.55), 11.4% below its IPO price of 32 riyals.


AP News | Equities.com |

US futures trading halted after 5% drop, first time since just after 2016 election.