BP warns of volatile future for oil market as it returns to profit

Firm prepares to cut thousands of jobs worldwide as pandemic creates uncertaintyCoronavirus – latest updatesSee all our coronavirus coverageBP has warned that the oil market continues to face a volatile future because of the coronavirus pandemic as it prepares to cut thousands of jobs from its global workforce within weeks.The oil giant returned to a modest underlying profit of $86m (£66m) in the third quarter but warned on Tuesday that the effects of the Covid-19 outbreak had created a “challenging” environment for the company. Related: BP enjoys share bounce after unveiling plans to shift away from fossil fuels Continue reading...