The potential escalation in the Middle East, and its impact on energy prices, drove up valuations for both BP (BP.) and Shell (SHEL), even though the latter oil & gas major recently announced a cut in ...
LONDON, Oct 11 (Bernama-PA Media/dpa) -- BP expects a slump in refining margins to take a US$400 million to US$600 million chunk out of its third-quarter profit, reported PA Media/dpa news.