BP Plc.’s US president David Lawler is leaving the British oil giant, becoming the second top executive to quit this month after Chief Executive Officer Bernard Looney abruptly resigned.
Oil posted its largest quarterly rally since the initial jolt from the war in Ukraine as lower Russian fuel exports threaten to further tighten a market wrestling with OPEC+ production cuts.
Oil was propelled closer to the $100-a-barrel mark after stockpiles at a major US storage hub dropped to critical levels, highlighting a widening global deficit.
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