By Rhodri Morgan UK oil and gas supermajor BP has issued a bullish trading update that signals likely higher trading volumes and production volumes across gas and oil than the end of 2023. The firm today said that oil, gas and low-carbon production across its operations is expected to be higher for the first quarter 2024 compared to the end of last year, despite forecasting increases in just oil across the full 2024 year. The group’s oil trading activities are also expected to be strong following a weak result in the fourth quarter 2023. However the firm said that it expects to swallow a $200m…