| Tumbling oil prices have hit the earnings of two big London-listed energy companies, in one of the first tangible signs of how the oil supply glut is reverberating across the global economy. FTSE 100 oil and gas producers BP and BG Group both reported a fall in third-quarter profits on Tuesday, in part due to the drop in the oil price over the period.
“This is prompting the whole sector to consider the implications of a sustained period of lower oil prices,” said Brian Gilvary, BP’s chief financial officer. BG’s interim executive chairman Andrew Gould said the company might be forced to delay future investments if the current price environment worsens...............................................Full Article: Source
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