Financial Times | Shell and BP warn not to expect strong oil rebound in 2017 Financial Times The UK-listed oil majors both said they were planning for prices per barrel in the low $50s in 2017 — only a little above current levels — in a sign of the industry adapting to “lower-for-longer” market conditions. Oil prices have stabilised in ... Oil giant BP sees profits nearly halve Shell takes top earnings spot from Exxon as oil majors adapt to low prices Shell, BP Earnings Benefit From Cost Cuts Amid Weak Oil Prices |