BP Has No Plans to Take Its Tankers Through Strait of Hormuz

Published on August 6, 2019 by Johanna Loock   ·   No Comments July 30: BP has not taken any of its oil tankers through the Strait of Hormuz since a July 10 attempt by Iran to seize one of its vessels, the British company’s Chief Financial Officer Brian Gilvary said on Tuesday. The oil and gas company has no current plans to take any of its own vessels through the strait,…

August 6, 2019
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Higher revenues can’t pull DHT out of red

Surging tanker rates helped DHT Holdings to better year-over-year results, but the tanker owner remained in the red for the second quarter. After the close Tuesday, the New York-traded company posted a $10.5m loss for the second three months of 2019 versus Source: http://www.tradewindsnews.com

August 6, 2019
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New Relic shares fall on weak Q2 outlook

New Relic published its first quarter fiscal 2020 financal results on Tuesday, beating earnings expectations and reporting revenue in line with estimates. However, shares were down in after-hours trading on a weak Q2 outlook.  The company reported non-GAAP net income per share of 19 cents on revenue of $141 million, compared with $108.2 million in sales for Q1 fiscal 2019. Wall Street was looking for earnings of 9 cents per…

August 6, 2019
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Global stocks climb as currency war fears ease

World stock markets inched higher on Tuesday, propelled by solid gains on Wall Street, after China’s central bank stepped in to stabilize the yuan, soothing fears that a protracted trade spat between the United States and China would spill over into a …

August 6, 2019
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