Sign in to follow this  
Followers 0

BP's Incredible 2018 Outlook

Recommended Posts

Probably not a good thing for oil prices. Some highlights: 

  • "Recoverable reserves from the Middle East, which holds the largest oil resources, could be increased by 50%."
  • Russia and the Commonwealth of Independent States (CIS), which holds the most gas, could see gas production increase by a quarter.
  • Technology will cut costs by around 30% per barrel
  • $600 billion of upstream O&G investment is needed per year to meet projected demand

That production costs could dip by as much as 30% will likely pressure oil prices.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  
Followers 0