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British energy giant BP warned Friday that its third-quarter profits are set to be hit by weak oil sales and refining margins, amid stalling global crude demand.
In a report released today, Joshua Stone from UBS maintained a Buy rating on BP p.l.c. (BP – Research Report), with a price target of ...
The broader problem is weak demand for refined products such as gasoline and jet fuel amid an economic slump in China, as ...
BP said a drop in refining margins would reduce its third-quarter profit by $400 million to $600 million from the previous ...
BP expects lower profits in Q3 due to weak refining margins, a weak oil trading result, and higher exploration write-offs.
BP p.l.c. (NYSE:BP) shares are trading lower on premarket on Friday. The company disclosed updated third-quarter guidance.
BP’s own invoices show that if voters repeal the CO2 tax, they will save money,” Todd Myers, vice president for research at ...