BP will leave $17,5 billion oil reserves untouched

June 16, 2020

BP believes that the corona crisis will have a lasting impact on oil demand and accelerate the transition to renewable energy /BP

BP estimates to book a value reduction of $17,5 billion for its gas and oil fields in the second quarter. The British company expects a much lower demand and price for oil in the coming years, partly as a result of the corona pandemic. $55 for a barrel of Brent oil for the period 2021-2050,

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