The spending plans of oil majors BP and Equinor are unaffected by the more than 25 percent drop in oil prices since early October, their CEOs said on Wednesday. Oil and gas companies were boosted over the first nine months of the year by a recovery in crude prices as years of cost cuts started to kick in. But the drop in oil prices from more than $85 a barrel in early October to around $60 this week has revived concerns over their long-term recovery. “We have no plans to take down any projects because I don’t see a change in the mid-to-long-term outlook,” Equinor Chief Executive Eldar Saetre told Reuters on the sidelines of a carbon conference in Edinburgh. He added that Equinor’s portfolio could generate cash […]