BP assesses future projects with an eye toward $20 oilCompany shifts to higher decision-making price; industry analyst agrees Larry Persily Petroleum News Government Affairs Editor
BP has shifted its balancing point in deciding future oil exploration and production projects from $16 a barrel to $20 a barrel, saying it appears the market is in for a long-term run of higher prices.
“The question … is what price to use for resource allocation to reflect the right balance,” John B....
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Browne says history backs up $20 forecast Analyst says majors need higher returns
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