Oil price impact19 Mar 2020 09:38
I just read on the FT that:
Energy Aspects, a consultancy, warned on Wednesday that Brent prices could drop as low as $10 barrel.
I think I read on a PMO RNS that every $5/barrel is worth $50m a year to them, using this can any clever cloggs do a calculation based on the current hedged prices of what it would cost TLW if we did go as far as $10/barrel? Would we survive with the cash we have or would just the biggest like BP/Shell etc survive?