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World economy

World news about “World economy” published by euronews.

28/07 13:55 CET

BP profits hit by low oil prices and high compensation

BP profits hit by low oil prices and high compensation

British oil and gas giant BP’s second-quarter profits slumped by almost two thirds due to a combination of lower crude prices and ongoing charges over the 2010 oil spill in the Gulf of Mexico. BP reached an 18.7 billion dollar (16.9 billion euro) settlement with the …