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BP forecasts higher upstream output but warns of weak oil trading due to low demand and tough market conditions.
BP reported that its upstream production is expected to increase, driven by ongoing projects and operational improvements, but warned of persistently weak oil trading conditions, citing challenging market dynamics and lower-than-expected demand.
The company emphasized ongoing investments in energy transition initiatives while acknowledging near-term pressures in its trading segment.
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BP pronostica una mayor producción en aguas arriba, pero advierte de un comercio de petróleo débil debido a la baja demanda y las duras condiciones del mercado.