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30.10.26 - 09:24
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BP profits jump as Middle East conflict drives up oil refining margins (The Guardian)
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Third-quarter underlying replacement cost profit rises to $8.46bn, up from $2.2bn a year agoBP has posted a jump in its quarterly profits as the war in the Middle East drove up oil and gas prices and led to “significantly higher” trading.The energy company said on Friday that third-quarter underlying replacement cost profit – a key measure of its income – rose to $8.46bn, up from $2.2bn a year ago. Analysts had expected profits of $7.33bn. Continue reading......
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29.10.26 - 07:06
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Hong Kong poised for capital inflow amid unrest in France, Middle East war: AllianzGI (SCMP)
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Recent unrest in Europe and the Middle East war could prompt investors to seek greater diversification, potentially driving capital inflows to Asian markets including mainland China and Hong Kong in coming months, according to a senior executive of Allianz Global Investors (AllianzGI), one of Europe's largest fund houses.
Julie Koo, head of distribution in Asia-Pacific for the company, said the recent protests in France, Italy and Spain would lead investors to review and adjust their exposure to......
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29.10.26 - 03:30
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Oil prices slip as peace hopes ease supply fears, Middle East tensions limit losses (Times of India)
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In a market shaken by geopolitical tensions, oil prices saw a downturn as traders considered possible U.S.-Iran diplomatic actions against the backdrop of supply disruption risks. Brent crude prices slipped by 0.74%, while WTI dropped by 0.89%. The recent assaults by Yemen's Houthis have further complicated the already uncertain market landscape. Mixed signals from U.S. inventory reports only added to the volatility affecting crude oil valuations....
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