NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

BP's Dudley sees oil price at $50 per barrel for rest of 2016

Published 02/09/2016, 05:48
Updated 02/09/2016, 05:50
© Reuters. BP Group Chief Executive Dudley attends St. Petersburg International Economic Forum 2016
BP
-

VLADIVOSTOK, Russia (Reuters) - BP (LON:BP) Chief Executive Robert Dudley said on Friday he expected global oil prices to remain at around $50 per barrel till the end of this year and at the same level or even "little above" in 2017, he told reporters in Vladivostok.

© Reuters. BP Group Chief Executive Dudley attends St. Petersburg International Economic Forum 2016

"I think for now, since 2014, we are back into the balance with oil and gas. Supply and demand balance is just about being reached right now. But this will take quite some time to work off the stock levels of oil," he said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.