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BNP warns of 2020 profit fall as crisis wipes out equity trading
BNP Paribas set aside more than half a billion euros in loan provisions on Tuesday as the coronavirus crisis wiped out the French bank's revenue from equity derivatives trading and knocked a third off its first quarter profit......»»
ConocoPhillips reports 58% fall in quarterly profit
U.S. oil and gas company ConocoPhillips reported a 58% plunge in adjusted quarterly profit on Thursday, weighed down by lower output and an unprecedented plunge in crude prices......»»
T. Rowe Price"s profit, assets under management fall
T. Rowe Price"s profit, assets under management fall.....»»
Kinder Morgan cuts 2020 core profit outlook, spending on coronavirus hit
U.S. pipeline operator Kinder Morgan Inc cut its expectations for full-year adjusted core earnings on Wednesday and reported a 5.3% fall in quarterly adjusted profit following a coronavirus-induced decline in fuel demand and a crash in crude prices......»»
Crude Oil Options Are Predicting Lasting Volatility
While all eyes have been on the huge fall in the outright price of crude oil, the oil options markets are also sending plenty of signals about market expectations for the longer-term impact of COVID-19......»»
Whiting Petroleum files for bankruptcy during coronavirus pandemic, oil price plunge
Whiting Petroleum Corp said on Wednesday it filed for Chapter 11 bankruptcy, the first major casualty of a free fall in crude prices to $20 per barrel last month......»»
Futures Movers: Crude-oil prices post the largest quarterly percentage drop on record
Oil prices on Tuesday reveal the largest quarterly percentage declines on record, and a loss of more than half their value for the month amid a demand slump caused by the coronavirus pandemic and a glut of supply thanks to a Russia-Saudi oil-price war......»»
US gas prices fall below $2 per gallon for the first time in 4 years amid COVID-19 outbreak, crude price war
Steven Senne/AP The national average for a gallon of regular gasoline dropped to $1.99, a four-year low, according to an AAA report released Tuesday. Prices have been dragged down by the coronavirus pandemic and ongoing oil pric.....»»
Crude extends fall as U.S. gasoline slumps 20% amid demand fears
Oil prices extended.....»»
Tens of thousands are getting laid off in the US shale patch
One of the most painful busts in the history of crude oil happened just six years ago when a sharp price drop cost 200,000 roughnecks, almost half the entire workforce, their jobs......»»
U.S. cash crude prices plunge after Saudi-Russia supply war erupts
U.S. cash crude prices plunged on Monday, with popular export grades sliding to their weakest levels in more than a year and a half, following a collapse in benchmark futures in the biggest daily price rout since the 1991 Gulf War......»»
NewsWatch: Dow futures fall maximum amount allowed, poised to plunge 1,300 points at the open as oil prices deliver a punishing blow to Wall Street
U.S. stock futures and crude oil prices were down sharply Monday, as fears of a global oil-price war combined with coronavirus fears to rattle traders......»»
Market Snapshot: Dow futures fall maximum amount allowed, poised to plunge 1,300 points at the open as oil prices deliver a punishing blow to Wall Street
U.S. stock futures and crude oil prices were down sharply Monday, as fears of a global oil-price war combined with coronavirus fears to rattle traders......»»
Coronavirus shock and oil price fall pummel world stocks
Global stocks plunged on Monday and prices for crude oil tumbled as much as 33% after Saudi Arabia launched a price war with Russia, sending investors already worried by the coronavirus fleeing for the safety of bonds and the yen......»»
Saudi Aramco drops 10% after kingdom triggers oil price fall
Saudi Aramco shares fell 10% on Monday after Saudi Arabia slashed its official selling prices for crude and set out plans for a dramatic increase in oil production next month, prompting a sharp drop in prices......»»
Market Snapshot: U.S. stock futures fall as crude oil prices plunge 30% on price-war fears
U.S stock futures and crude oil prices plunged immediately after the start of electronic trading late Sunday, as fears of a global oil-price war combined with coronavirus fears to rattle traders......»»
Market Snapshot: U.S. stock futures fall as crude oil prices plunge 25% on price-war fears
U.S stock futures and crude oil prices plunged immediately after the start of electronic trading late Sunday, as fears of a global oil-price war combined with coronavirus fears to rattle traders......»»
Market Snapshot: U.S. stock futures fall as crude oil prices plunge 20% on price-war fears
U.S stock futures and crude oil prices plunged immediately after the start of electronic trading late Sunday, as fears of a global oil-price war combined with coronavirus fears to rattle traders......»»
Futures Movers: Oil slumps 4% as viral outbreak stokes worries about crude demand
Oil futures fall sharply Monday, dropping 4% as the spread of COVID-19 outside China underlines worries about a potential hit to crude demand......»»
Dow Jones Newswires: Diageo downbeat on guidance as net profit falls
Diageo PLC on Thursday reported a 5.6% fall in net profit for the first half of fiscal 2020, and said it expects full-year organic net sales growth to be at the lower end of its mid-term guidance......»»