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Commodities Briefing - Categorized | Oil, Price Watch more

Oil Price Fall Shouldn’t Worry BP plc Or Royal Dutch Shell Plc

Posted on 07 July 2014

Until recently, the price of oil had been making higher highs as unrest in the Middle East continued. However, in recent weeks there has been a sharp fall, with the price of Brent Crude falling from $115 per barrel to under $111 per barrel as Libya announced that it would be increasing its supply to the global energy market.
Of course, as producers of oil, a higher oil price generally means more profit for BP and Shell, as it does not impact upon costs but does help to boost revenue. However, a sharp fall in the oil price does not spell disaster for either company, with them both offering great long-term potential………………………………………..Full Article: Source


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VRS - who has written 39895 posts on Opalesque Commodities Briefing.


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