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The Independent UK
The Independent UK
Business
Alex Daniel

BP profits slump as faltering demand hits refining margins

BP posted higher-than-expected profits on Tuesday (Nicholas T Ansell/PA) - (PA Wire)

BP’s profits tumbled by nearly one-third in the third quarter to £1.75 billion, as a slump in refining margins weighed on income at the energy giant.

The FTSE 100 company reported that profits were down compared with the same period a year earlier as faltering global demand for oil hit its refining business.

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