Tag: oil demand slump

Oil Major Equinor Suspends 2020 Guidance Following 51% Slump In Earnings

Equinor's CEO Eldar Sætre looks at his own shadow on an Equinor sign outside the company's ... headquarters...

ExxonMobil Follows BP In Maintaining Quarterly Dividend Despite Oil Slump

(Photo: Filip Radwanski) SOPA Images/LightRocket via Getty Images Oil and gas behemoth ExxonMobil XOM ...

Coronavirus May Sink Jet Fuel Demand By 31% As Airlines Ditch Middle Seats, Turn Flyers Into Unsecured Creditors

With several global airlines grounding their fleet in the wake of the coronavirus or Covid-19 global pandemic, the industry is witnessing some profound changes...

Oil Futures In Record Contango Of Over $10 For First Time Since 2009

An unprecedented havoc unleashed on the global oil market by the coronavirus or Covid-19 pandemic has sent oil futures into record double-digit discounts to...

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