Flash News: all about energy
What do these four headlines mean for your investment?
Oil giants kick off results seasonBig British energy companies kicked off UK results season this week. Royal Dutch Shell (LON: RDSA) and BP (BP) both addressed the recent oil price fall in the wake of the coronavirus and the fact that demand for investment in renewables is rising. The news and your money A 10% fall in average oil and gas prices in 2019 dampened profits at both oil giants. With the oil price continuing to tank in 2020 as the coronavirus stunts demand for travel in China, Shell and BP could be in for another painful year. But they have stomached…