BP hails ‘exceptional’ trading as oil prices soar in Iran war
by Julia Kollewe from World news | The Guardian on (#74XY1)
Citi analysts upgrade profit forecast by 20% to $2.6bn for January to March despite flat oil and gas production
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.
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