Afternoon Coffee: Major Oil Companies Lose Billions in 2015, East Coast Ports Congested from Worker Walkout

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BP reportedly lost $6.48 billion in 2015 with a $3.3 billion loss for the fourth quarter alone as oil prices continued to plummet throughout the year. Exxon Mobil also reported a 58% drop in quarterly profits.

The East Coast port worker walkout on Friday has caused congestion at the Port of New York and New Jersey. The port was dealing with “unusually high traffic” at the start of the week with about 200 trucks waiting in half-mile lines outside some port gates, The Wall Street Journal reported.

The Centers for Disease Control announced Monday the E. coli outbreak at Chipotle locations in the U.S. is now over. Two outbreaks sickened about 60 people across 11 states.

Automaker Renault opened its first car factory in China yesterday. The $1.2 billion facility in Wuhan, China, is expected to produce up to 150,000 cars a year.

 

 

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