Factories Cut Output, Jobs as Coronavirus Lockdown Bites
Factories across Asia and Europe cut output and jobs at the fastest pace since the global financial crisis, a sign the global economy has entered a deep freeze as governments Continue Reading
BP targets upstream, shale segments with 25% slash in capex
Plans to ‘weather’ crisis with strong cash position Q1 upstream production down 4-6% from Q4 2019 Immediate cut seen in US shale output BP is cutting its planned capital expenditure Continue Reading