⁍ BP swung back to a small profit in the third quarter but warned the pace of recovery from the pandemic remains uncertain.

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⁍ The London-based company said that while fuel demand in Asia, particularly in China, was recovering, global consumption remained weak.

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– Oil giant BP posted a narrower-than-expected third-quarter loss of $86 million today, thanks in large part to higher oil prices and better trading results, reports the AP. The loss came after the company posted a record $6.7 billion loss in the second quarter. Analysts had expected a loss of $120 million, notes Reuters. BP, however, warned that the pace of recovery from the H1N1 virus is uncertain. “It is hard to imagine the environment being much more brutal than it was in the third quarter,” says the company’s chief financial officer.