BP has reported a loss of $5.69bn (£4.15bn) for last year after a collapse in global oil demand during the Covid-19 pandemic, compared with a profit of almost $10bn in 2019, says an article published in The Guardian.
Tumbled PricesThe company’s first full-year financial loss in a decade came after the industry was “hit hard” by the pandemic, which triggered a collapse in demand for transport fuels, and caused oil prices on the global market to tumble.
Long-term ExpectationsBP was forced to write...
https://mfame.guru/covid-pandemics-oil-demand-produces-5-7bn-loss-for-bp/