BP swung back to a small profit in the third quarter but warned the pace of recovery from the pandemic remains uncertain and is weighing on fuel demand and refining profits. BP said that it faced a volatile trading environment as Asia recovers faster than other regions. “The ongoing impacts of the COVID-19 pandemic continue to create a volatile and challenging trading environment,” BP said in a statement on Tuesday. BP reported a $86 million profit for the three months to September 30, beating analysts’ expectations of a loss of $120 million. It followed a record $6.7 billion loss in the previous quarter. There was a slow recovery in oil prices but extremely weak refining profit margins as fuel demand, particular for aviation fuel, remains […]