BP’s refining business sees lower margins as global oil demand stalls

📆 11/10/2024 06:30 م
📰 ShropshireStar

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الإمارات العربية المتحدة أخبار أخبار

الإمارات العربية المتحدة أحدث الأخبار,الإمارات العربية المتحدة عناوين

Both Shell and Exxon Mobil have also warned that lower refining margins will hit profits for the third quarter of the year.

BP expects a slump in refining margins to take a 400 million dollar to 600 million dollar chunk out of its third-quarter profit.

Economic slowdowns in major economies including China, along with a growth in electric car sales, have contributed to the fall. It comes after a period when oil prices fell significantly this year, with Brent crude futures prices tumbling by more than one-sixth during the third quarter.

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الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

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