Oil, gas to rebound faster than metals, coal: BHP

Sydney

BHP Billiton Ltd sees oil and gas markets rebounding faster than its mined commodities as it considers potential acquisitions and weighs as much as US$5 billion in project spending.

The world's biggest miner, which booked writedowns of US$7.2 billion against its US shale unit earlier this year, said that recovering oil prices and efforts to lower costs are making investment opportunities more attractive.