Original article by Amanda Saunders
The Australian Financial Review – Page: 11 & 20 : 8-Jan-15

West Texas Intermediate crude oil was trading at $US48 per barrel on 7 January 2015. Paul Young of Deutsche Bank suggests that BHP Billiton could potentially reduce the number of drilling rigs it operates in the Permian Basin in the US until there is a sustained rebound in the oil price. Young adds that BHP could delay adding additional drilling rigs until the oil price rises to about $US80/barrel, which may not occur until around 2018

CORPORATES
BHP BILLITON LIMITED – ASX BHP, DEUTSCHE BANK AG