News Formal

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

  • 📰 ShropshireStar
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

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.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 98. in BR
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Exxon Proposes $10 Billion Investment in Nigeria's Deepwater OilExxonMobil has announced a $10 billion investment in Nigeria's deepwater oil operations, signaling a renewed commitment to the country's energy sector.
Fonte: OilandEnergy - 🏆 34. / 68 Consulte Mais informação »

Exxon Warns of Oil Price Impact on Q3 EarningsExxon expects lower oil prices and refining margins to negatively impact its third-quarter earnings by up to $2 billion.
Fonte: OilandEnergy - 🏆 34. / 68 Consulte Mais informação »