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BP profits plunge 96% in fourth quarter as pandemic hits fuel demand

BP profits plunge 96% in fourth quarter as pandemic hits fuel demand

BP reported a 96 per cent drop in fourth-quarter profits as the hit to energy demand from the pandemic and weaker trading results took the UK oil major to its first annual loss in a decade. Underlying profit on a replacement cost basis — the measure of income tracked most closely by industry analysts — was $115m in the three months to December 31. This fell short of analyst expectations of a profit of $370m, according to a company-compiled estimate, and compares with $2.6bn in the same period the year before. It has been a brutal year for the industry,…

Mortgage Refinancing: Everything You Need To Know

With interest rates falling sharply, this is a good time to refinance a mortgage. Just be sure to take the right steps. (iStock)Mortgage rates are going down when the nation starts the long haul back to normalcy as the coronavirus pandemic subsides.That's good news for us homeowners who want to refinance their mortgage and save money on their monthly home payments.If you are planning to refinance your mortgage now or in the near future, read on to see everything you need to know.What are refinancing loans today?In the last week of May 30-year fixed mortgage rates fell to just over…

Saweetie wears chain belt, skirt and metallic heels for private jet boarding – Footwear news

If you purchase an independently reviewed product or service via a link to our site, we may receive an associated commission. Saweetie flies into the weekend in one of 2021's must-have accessories. On Thursday, rapper "Tap In" shared a slideshow with Instagram photos showing her using an airport taxi as her own personal runway before boarding a private jet. For the occasion, Saweetie was rolled up in a black sweatshirt that featured a chain detail across her chest. She paired the top with a tennis skirt - a style that recently experienced a revival after being popular in the 80s.…

Americans are increasingly seeking to travel by private jet

Americans long for a much-needed, after locking escape is increasingly seeking information about - and booking - private jets.Air Charter Service - the world's largest airline charter company - said Americans top the list of people asking for information on private jet travel. They are followed by the British, Canadians, Indians, Spanish and Chinese.ANNOUNCEMENTWhat's more, travelers who want to travel within a few days have also increased. Early August figures show a 51 percent increase in bookings for leisure travel globally this year compared to 2019, the company said. Forty-four percent of the bookings in July 2020 were from first-time…

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