Moeve's first-quarter profit jumps 183% on higher oil prices

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Moeve's first-quarter profit surged 183% to 261 million euros due to rising oil prices. The company, formerly Cepsa, benefited from increased crude oil costs driven by Middle East tensions. Adjusted net profit rose 7% to 147 million euros. Moeve is also increasing kerosene production and optimizing its distribution to address potential European shortages.


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Moeve's first-quarter profit jumps 183% on higher oil prices | News Minimalist