Today news
About the same in other media
BP warns over ‘tight’ winter gas markets as it beats profit forecasts
Reading now: 979
BP has warned that gas markets will remain “tight” during the winter period of peak demand, as rising energy prices drove it to a higher-than-expected quarterly profit.
Oil and natural gas prices have soared this year because of rising demand as economies recover from the Covid-19 pandemic and tight supply.
The company reported a profit of $3.3bn (£2.4bn) for the third quarter, beating analysts’ expectations of $3.1bn. It compared with a $2.8bn in profit in the second quarter and $86m a year earlier, when energy demand and prices collapsed due to the coronavirus epidemic.
The BP chief executive, Bernard Looney, said: “This has been another good quarter for BP – our businesses are generating strong underlying earnings and cashflow while
Read more on theguardian.comAbout this in other media
RBA warns Aussies over punting on ‘fad driven’ cryptocurrencies cointelegraph.com /3 years ago
Goldman Sachs chief warns China, Hong Kong border controls are a ‘headwind’ on talent fnlondon.com /3 years ago
Overleveraged Traders Flushed Out, 'Bullish Market Structure Intact' cryptonews.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
