BP hails ‘exceptional’ trading as oil prices soar in Iran war

The Guardian The Guardian —

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 https://www.theguardian.com/business/2026/apr/05/its-all-fear-and-headlines-energy-traders-race-to-keep-pace-with-volatile-oil-markets">navigating significant market volatility after Tehran’s effective closure of the key strait of Hormuz shipping route.

https://www.theguardian.com/business/2026/apr/14/bp-trading-oil-prices-iran-war-profit-forecast">Continue reading...

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BP flags exceptional trading results