One of the world's biggest energy firms cut its 30-year forecast for oil prices by 27% as coronavirus turns the industry on its head

One of the world's biggest energy firms cut its 30-year forecast for oil prices by 27% as coronavirus turns the industry on its head

Business Insider

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· Oil major British Petroleum has downgraded its 30-year oil forecast by 27% on Monday.
· It now expects oil prices to average around $55 per barrel between 2021 and 2050. It's previous forecast was around $75 per barrel.
· CEO Bernard Looney said coronavirus will have a "enduring economic impact."
· BP also slashed the...

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