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Energy

Epidemic impact on oil sector bigger than expected in second half of year: BP CEO

FILE PHOTO: BP's new Chief Executive Bernard Looney speaks during a Q&A in central London, Britain February 12, 2020. REUTERS/Toby Melville

LONDON (Reuters) - The impact of the coronavirus epidemic on the oil and gas industry has been bigger than expected in the second half of 2020, BP CEO Bernard Looney said on Monday.

Speaking in an online interview at CERWeek’s India Energy Conference, Looney said that the impact was however smaller than feared in the first half of the year.

Reporting by Ron Bousso; Editing by Kirsten Donovan

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