VOL. XLV

No 44

4-November-2002

SUPPLY/DEMAND

BP Again Cuts Production Growth Forecast For 2002

BP has once again cut its hydrocarbon production growth forecast for 2002 to 3%, down from the 5.5% target announced at the start of the year and the reduction to 4% announced on 2 October. In comments made to reporters after the results presentation, BP Group CEO John Browne said that the company attributed the shortfall in production to performance problems in the North Sea, Alaska and North America...