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    BP braces for £740m write-down amid oil price surge

    1 week ago

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    BP anticipates a boost in oil trading due to rising crude prices but is preparing for a £740 million write-down. The company expects production to decline amid Middle East tensions, projecting output between 2.17 million and 2.22 million barrels per day. Shares rose 3% as oil prices surged, reflecting ongoing geopolitical issues affecting energy costs.
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