FINAL EXAM

Final Exam

Final Exam

Lord Browne, the chief executive of oil firm BP, has said he expects crude prices to fall from current near-record levels as more supplies are discovered. However Lord Browne, speaking in an interview with German magazine Der Spiegel, said there was not likely to be any dip in prices in the short term. (Drew, A. and Hunt, B. 2000)

He said prices will probably settle at an average of about $40 a barrel in the medium term, before falling lower. Prices have surged this year amid fears about supply and global instability. A combination of these factors pushed oil ...