The Guardian Australia – Business
·business
·5 hours ago
BP hails ‘exceptional’ trading as oil prices soar in Iran war
BP reported exceptional trading performance amid soaring oil prices linked to the Iran conflict, forecasting a 20% profit increase to $2.6 billion for January to March. The company is capitalizing on market volatility due to the effective closure of the Strait of Hormuz, with refining margins rising significantly. BP's financial results are expected on April 28.
Summary by Glance · The Guardian Australia – Business
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