BP, Carnival and Centrica

The oil majors staged a minor rally after Donald Trump attempted to intervene in the ongoing production dispute. But with the price of crude bobbing around the $20/bbl mark, the onus is on capital preservation. BP (BP.) has announced that it will cut spending by a quarter this year, to $12bn (£9.6bn), but the rationalisation measures don’t stop there. Click here to get the lowdown from Alex Hamer.

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