Thursday, May 14, 2026
BP profit beats expectations at $3.2 billion, driven by Middle East trading boon- oil and gas 360

BP profit beats expectations at $3.2 billion, driven by Middle East trading boon

(BOE Report) – BP on Tuesday posted a first-quarter underlying replacement cost profit, its version of net income, of $3.2 billion, compared with expectations of $2.67 billion in a company-provided poll of analysts and $1.38 billion a year ago.   BP’s customers and products business, including its oil trading desk which BP had already flagged as having an exceptionally strong

US exporters are plugging a Qatar-sized LNG supply hole – for now: Maguire- oil and gas 360

US exporters are plugging a Qatar-sized LNG supply hole – for now: Maguire

(BOE Report) – U.S. LNG exporters have so far offset the drop in shipments from Qatar following Iranian attacks on its facilities and the closure of key Middle East shipping lanes, ensuring that total supplies remain at record highs despite the war. The on-again, off-again peace talks with Iran mean that the repair of damaged Qatari liquefied natural gas export