BP set for further boost from oil prices, but braces for £740m write-down
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Summary
BP set for further boost from oil prices, but braces for £740m write-down. BP’s results next month come at a tumultuous time for the group after the removal of former chairman Albert Manifold following “serious concerns” related to his conduct, oversight and governance at the firm. But the strait – through which a fifth of the world’s oil and gas is normally carried – continues to be a key issue in fraught peace-deal negotiations between the US and Iran and its closure once more has sent energy costs spiking higher.
Furthermore, The oil giant will report second quarter figures on August 4.
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BP set for further boost from oil prices, but braces for £740m write-down.
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BP’s results next month come at a tumultuous time for the group after the removal of former chairman Albert Manifold following “serious concerns” related to his conduct, oversight and governance at the firm.
according to The IndependentBut the strait – through which a fifth of the world’s oil and gas is normally carried – continues to be a key issue in fraught peace-deal negotiations between the US and Iran and its closure once more has sent energy costs spiking higher.
according to The IndependentThe oil giant will report second quarter figures on August 4
according to Evening Standard
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