The quarterly profits of French company Total fell by 99% due to lower oil prices, as the company announced plans to reduce its investments in response to the ongoing crisis in the crude markets. According to the newspaper, the French major oil company announced a net profit of 34 million dollars for the first quarter of the year, compared to 3.1 billion dollars a year ago. Oil prices fell sharply in the first quarter of the year due to surplus production and price war between Saudi Arabia and Russia, to $ 50.1 a barrel from $ 63.1 last year. > The group is facing exceptional circumstances: Coved 19's health crisis is affecting the global economy and creating a great state of uncertainty and an oil market crisis, with the decline Great prices since March.
