I would not call it short termed but rather within the realm of possibility for BP. Oil&Gas are inelastic and with small fluctuations in supply or demand the pr

I would not call it short termed but rather within the realm of possibility for BP. Oil&Gas are inelastic and with small fluctuations in supply or demand the price varies strongly. In 2020, we even saw negative prices in Ohio and last year prices >100$USD/bbl. OPEC has some room when it comes to increasing it's output, but I think BP, Shell, Equinor, etc. are already at max production. Adding more production takes a lot of time and heavy investment and has hugh payback time.