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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (14922)	6/4/2004 10:51:41 AM
From: ild	Read Replies (3) \| Respond to of 110194

Norsk Hydro May Boost Its Oil Price Assumption of $18 a Barrel June 4 (Bloomberg) -- Norsk Hydro ASA, Norway's second- largest oil company, said it and its competitors may raise their assumptions about crude oil prices when assessing whether to proceed with new field developments. Projects now must generally be profitable at a minimum $18 a barrel, said Tore Torvund, the company's senior oil executive, at a briefing to analysts and journalists in Bergen, Norway. ``We are presently looking into if we should apply somewhat higher oil prices in our long-term planning that we are presently doing today,'' Torvund said on the sidelines of the briefing this week. ``It seems the industry as such is looking into this.'' quote.bloomberg.com I guess before their oil price assumption was $10. -g-