BP Finds Deepwater Gulf Oil as Prices Slow Drilling

The video discusses a joint project by BP and Chevron, highlighting the impact of oil prices on large investments and the global market. It examines the historical context of oil prices, the economic pressures on countries like Russia, and the profitability of shale oil drilling. Analysts provide insights into market trends and potential future developments.

What are the implications of the new 30,000-foot project mentioned in the text?

How do oil prices affect the investments in mega projects by oil majors?

What is the significance of the $90.00 per barrel price mentioned in relation to Putin?

What challenges do shale drillers face as mentioned in the text?

According to analysts, what happens to growth in oil production when prices fall into the low 70s?