Thursday, January 19, 2012

BP plc (NYSE:BP) Sees Chinese Oil Future

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tdp2664 E money daily BP plc (NYSE:BP) has forecast that China will be the number one oil user by 2030. BP plc (NYSE:BP) Sees Chinese Oil Future According to BP plc (NYSE:BP)'s latest Energy Outlook 2030, global energy demand will continue to grow by 39 per cent by 2030. It also reports that the economic and population growth in non-OECD countries like India and China will double its energy use by 2030. Presenting the 2030 Energy Outlook, BP plc (NYSE:BP) chief executive Bob Dudley said, "This report is by turns challenging, fascinating and stimulating for anyone in the energy business. It helps us to be both realistic and optimistic. It shows there are things we can’t change – like the underlying drivers of energy demand – and things we can change – like the way we satisfy that demand." BP plc (NYSE:BP) shares were at 44.56 at the end of the last day’s trading. There’s been a 7.6% change in the stock price over the past 3 months. BP plc (NYSE:BP) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.5 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.62 Zack’s Rank: 3 out of 19 in the industry



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