Shell blames lower oil prices, weaker margins and 'accounting mismatch' for slump in third-quarter profitsShell's Q3 net profit fell to $4.3 billion due to lower oil prices and weaker refining margins, despite increased gas sales.
BP's profits plummet - London Business News | Londonlovesbusiness.comBP's profits fell by nearly one-third to £1.75 billion, influenced by declining refining margins and analyst's forecasts.
Oil markets may soon get hit by a global supply glut, weakening crude prices furtherTop US oil refiners slowing production due to concerns of global crude glut forming.