Saturday, September 23, 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 

Related News

Marine Technology ENews subscription

World Energy News is the global authority on the international energy industry, delivered to your Email two times per week.

Subscribe to World Energy News Alerts.

Press Releases