JVBank & CB Passive Income: OMV posts first-quarter loss and lowers yearly production target

Wednesday, April 29, 2020

OMV posts first-quarter loss and lowers yearly production target

OMV posts first-quarter loss and lowers yearly production target

Austrian energy group OMV posted a net loss for the first quarter due to high inventory costs and lowered its production target and crude price forecasts in response to the fall in oil demand.

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