BP increases oil price assumptions by USD5/b and promises output recovery following 25%-slump in Q2 2021

MOSCOW (MRC) -- BP raised Aug. 3 its 2025 oil price assumption by USD5/b to USD60/b to reflect an expected supply constraint, while promising a recovery in its own production volumes following a maintenance-related slump in the second quarter, reported S&P Global.In its Q2 results statement, the UK oil company spoke of an "improving outlook" in the industry environment and said its own pe

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