11 Oct 2018
BP boss Bob Dudley, among the first to say oil will stay lower for longer, is becoming more confident.
In a sign of the improving times, the British oil major is now planning its investments at US$60-65 a barrel oil, raising it from US$50-55 last year, Dudley said Wednesday at the Oil & Money conference in London. While he doesn’t expect sustained prices of $85, it’s unlikely to plummet again.
To read more, please click on the following link(s): https://www.businesstimes.com.sg/energy-commodities/bp-says-bye-to-low-prices-as-it-plans-projects-for-oil-over-us60