BP CFO Says Company is Planning for Oil Prices to Remain Low For a While Longer
The slump in oil prices isn't over yet, BP PLC's chief financial officer Brian Gilvary said Tuesday.
The company is positioning itself for a world in which oil prices remain "lower for longer," after the market tanked last June.
Though prices rebounded somewhat in the second quarter, they've fallen back in the last month after a nuclear deal with Iran raised the prospect of more supply in the coming months.Read the original article here.
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