Brent breakeven price dropped 37%---Brent's BE at $40 for the first half of 2017, compared to $64 for 2014: study
Douglas Westwood issued a report today in which it analyzed the income statements of 22 mid-cap international E&P oil companies between 2014 and 2017 H1. Here is what the analysts found:

Unit costs were reduced in 2017 H1, but the pace of unit cost cutting continues to slow.
2017 H1 was the first of the time periods studied where the impairment/BOEcost was not the highest unit cost on the companies’ combined income stat...


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