Throughout the gloom, champagne flowed, backed by a jazz quartet.
If it's hard times for the industry, that wasn't obvious from the cocktail party circuit. Kuwait Petroleum Corp. welcomed guests to ballroom of the Four Seasons hotel in London’s exclusive Mayfair district with hospitality as if nothing had changed since 2014, when oil was $100 a barrel. Tables were laden with shashlik, oysters and even a whole lamb carved by a chef. In the dessert room, a chocolate fountain bubbled alongside bowls of strawberries.
The State Oil Co. of the Azerbaijan Republic - where a currency crisis has provoked street protests - offered four whole roast lambs, a sushi bar and chocolate truffles to thousands of guests at Park Lane’s Grosvenor House Hotel.
“We didn’t cut back,” said Elshad Nassirov, the company’s vice-president of marketing and investments, “in order not to spoil the mood.”
... only 0.1 percent of global output has been curtailed because it’s unprofitable,
http://www.bloomberg.com/news/articles/2016-02-12/the-oil-industry-got-together-and-agreed-things-may-never-get-better
http://www.bloomberg.com/news/articles/2016-02-12/the-oil-industry-got-together-and-agreed-things-may-never-get-better
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