Europe’s oil majors are set for strong earnings, driven by exceptional trading profits amid extreme volatility in global oil and gas markets. While trading is booming, upstream production has been hit ...

When the oil trading community descended on London for its annual International Energy Week jamboree last week, the bears outnumbered the bulls, probably by three-to-one. They fought about supply.

Oil giant BP has said it is now set for an “exceptional” oil trading result in the first three months of the year after the Iran war sent the cost of crude soaring. The FTSE 100 firm upgraded its ...

BP expects the high-price environment to 'increase the dislocation between marker prices versus actual prices realized by BP in 1Q 2026 and increase the impact of price lags'. Image by Sjo via iStock ...