BP prepares deeper spending cuts as profits fall 80%
BP has said it is prepared to slash capital spending if oil prices continue to slide, as the company announced an 80% fall in profits. The oil and gas company said it had already cut spending in the first quarter of the year, and expected to spend a total of $17bn (£11.7bn) in 2016. However, […]
Canada stocks fall a third day as oil producers slide on output
Canadian stocks fell a third day, the longest slump in three weeks, as energy producers retreated after crude tumbled from a five-month high amid signs a global glut will persist. The benchmark Standard & Poor’s/TSX Composite Index lost 0.6 percent to 13,795.99 at 4 p.m. in Toronto, extending losses during a three-session slide to 0.8 […]
