BP and Shell Hit as Oil-Trading Boom Ends

The video discusses the impact of fluctuating oil prices on the upstream and downstream sectors of the oil industry, highlighting how these changes affect profitability. It examines BP's financial strategy, noting the company's need for oil prices to reach $60 per barrel to balance its books. The video also explores the potential impact of lifting sanctions on countries like Russia and Iran, emphasizing that while it could be beneficial, it won't change the immediate outlook for 2017.

What impact would the lifting of sanctions on Russia have on oil companies?

What are the expected timelines for oil projects in Russia if companies decide to return?