BP’s War Profit Surge: Why Oil Giants Are Back in the Firing Line

BP’s War Profit Surge: Why Oil Giants Are Back in the Firing Line

BP is back in the political firing line after reporting a sharp profit jump during a global energy crisis linked to the Iran war. The company posted first-quarter underlying replacement cost profit of $3.2 billion, more than double the $1.38 billion it made in the same period last year. That result was also ahead of … Read more

China’s Iran War Alarm: Why Beijing Is Suddenly Talking Energy Security

China’s Iran War Alarm: Why Beijing Is Suddenly Talking Energy Security

China is talking more loudly about energy security because the Iran war has exposed a hard truth: even a powerful economy can become vulnerable when global fuel routes are shaken. Beijing’s top leadership has now pledged to strengthen energy security and protect industrial supply chains as the Middle East conflict spreads into oil markets, shipping … Read more