BP Reports Exceptional Q1 Oil Trading Profits Amid Middle East Conflict
BP has announced "exceptional" oil trading profits for the first quarter, attributing the strong performance to market volatility and soaring energy prices. These conditions were largely driven by the ongoing conflict in the Middle East.
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BP Flags Exceptional Oil Trading Gain as Energy Prices Soar - Bloomberg.com
BP Flags Exceptional Oil Trading Gain as Energy Prices Soar Bloomberg.com
Read full article →BP hails ‘exceptional’ trading as oil prices soar in Iran war
Citi analysts upgrade profit forecast by 20% to $2.6bn for January to March despite flat oil and gas production Business live – latest updates BP expects to post “exceptional” earnings from its oil trading desk, reaping a windfall from choppy energy markets triggered by the US-Israeli war on Iran. Energy traders are navigating significant market volatility after Tehran’s effective closure of the key strait of Hormuz shipping route. Continue reading...
By Julia Kollewe
Read full article →BP flags 'exceptional' oil trading performance as Iran war chokes supply
BP said its oil trading performance had turned around dramatically after a "weak" fourth quarter.
Read full article →BP sees ‘exceptional’ oil trading result as Iran war sends crude costs soaring
Oil prices have surged higher since the US-Israel war on Iran started and are now more than 60% up so far this year.
By Holly Williams
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