BP records mammoth loss as pandemic rattles oil industry ...News

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BP records mammoth loss as pandemic rattles oil industry
The bloodbath in the energy markets created by the Covid-19 pandemic has left a multi-billion dollar hole in BP’s finances, the oil giant’s quarterly and annual reports have revealed. BP lost $5.7 billion last year, down from a profit of $10 billion in the pre-pandemic 2019, according to data provided by the company on Tuesday. This is worse than analysts’ predictions, which projected BP’s full-year net loss to stand at $4.8 billion.  Also on rt.com Oil demand won't fully recover until 2022 – IHS Markit Despite the oil market’s partial recovery in the se

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