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BP Executive Director Expects Oil Prices to Stand at $50 Per Barrel in 2016

Sputnik International

UK oil and gas giant British Petroleum (BP) Executive Director Robert Dudley expects oil prices to stand at $50 per barrel in 2016. 02.09.2016, Sputnik International

2016-09-02T05:24+0000

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BP Executive Director Expects Oil Prices to Stand at $50 Per Barrel in 2016

05:24 GMT 02.09.2016

Section of the BP ETAP (Eastern Trough Area Project) oil platform in the North Sea, around 100 miles east of Aberdeen, Scotland. (File) - Sputnik International

UK oil and gas giant British Petroleum (BP) Executive Director Robert Dudley expects oil prices to stand at $50 per barrel in 2016.

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30 August 2016, 20:27 GMT

VLADIVOSTOK (Sputnik) – Speaking on the sidelines of the Eastern Economic Forum (EEF) on Friday, Dudley said that he expects the oil price to stand at $50 per barrel or slightly higher next year as well.

He specified that BP considers the addition of Iranian oil to the market in making its predictions.