Monday, July 24, 2017

Oil Market 'largely in balance', says BP's Dudley

Posted by July 12, 2017

The oil market is "pretty much" in balance, BP (BP) Chief Executive Bob Dudley said on Wednesday, adding that while he expects inventories to fall towards the end of the year, a big rise in the oil price can't be expected.
 

Dudley, who was speaking at an industry conference in Istanbul, also said he had not seen the final terms of new Iranian oil contracts.

 

Reporting by Karolin Schaps 

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