BP Submits to Brutal Reality on the Future of Oil
A BP Plc logo sits on a forecourt roof at filling station in Cambridge, U.K. (Photographer: Jason Alden/Bloomberg)

BP Submits to Brutal Reality on the Future of Oil

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(Bloomberg Opinion) -- BP Plc’s potential $18 billion writedown underscores just how significant a turning point 2020 is becoming for the oil industry. It baldly acknowledges that the major hydroca...
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