One of the world's biggest energy firms cut its 30-year forecast for oil prices by 27% as coronavirus turns the industry on its head

Oil major British Petroleum has downgraded its 30-year oil forecast by 27% on Monday.

on the value of its assets as the company grapples with the shape of the energy industry post the pandemic. Bernstein says buy these 7 stocks that are unfairly beaten-down and built for explosive gains in the future Looney added:"Since then we have been in action, developing our strategy to become a more diversified, resilient and lower carbon company. As part of that process, we have been reviewing our price assumptions over a longer horizon."Oil prices plummeted in March when Saudi Arabia kicked off a price war with Russia.

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