Post Tagged with: "secon quarter losses"

Source: Reuters

Big Oil braces for second-quarter losses after virus whips up perfect storm

Reuters


LONDON – Top U.S. and European oil and gas companies are forecast to swing into a second quarter loss after coronavirus lockdowns destroyed fuel demand, hit prices and squeezed margins, analysts said and Refinitiv Eikon data showed.

The expected

July 27, 2020 - 2:30 pm Closing Bell Story‎, Crude Oil News, Earnings, Energy News