Bloomberg | Oil Companies to Reopen Their Checkbooks as Brent Surpasses $70 Bloomberg “The fact that the oil price has recovered from $30 in 2016 to $70 at the beginning of 2018 is incredibly positive,” said Hari Vamadevan, a senior vice president at the company, cautioning that “we are a long-term industry that takes its confidence ... More oil and gas firms expect to hike capital spending in 2018 - survey |