Still plenty of issues for bp, not least of which is the Rosneft millstone - and that will be affected by sanctions and value of ruble as much as oil price.
But at least one major uncertainty for bp is now out of the way: the spill volume. Just need a nice compromise over the per bbl fine and things will really start to look up.
I am expecting to see a steady rise back to 450. What happens after that will depend on how long the Saudis wish to keep oil price suppressed. To really damage shale they will probably need to keep the price low for a few more months - that way prospective financial backers will be very guarded in future.
Agree that it is unexpected to get any favours from Judge B, however, if he had wanted to shaft bp (again) he could have gone with US Govt's spill figure of 4.09m barrels. The fact that he has used figure of 3.19m barrels is a positive sign - to me at least.
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