business / news / / Evening Standard
Oil prices have surged higher since the US-Israel war on Iran started.
BP upgraded its first quarter oil trading guidance due to the Iran war's impact on prices.
KEY POINTS
- Brent crude averaged $81.13 per barrel in Q1, up from $63.73 in the previous quarter.
- BP expects net debt to rise to $25-27 billion, up from $22.2 billion last quarter.
- BP's Q1 results will be the first under new CEO Meg O’Neill, who started April 1.
- Shell's PearlGTL site in Qatar halted production after being hit during recent attacks.
COMPANIES
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