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

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

    © AFP 2019 / Andy Buchanan
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    Oil in Turmoil (134)

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

    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.

    Oil in Turmoil (134)


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    oil prices, 2016 Eastern Economic Forum, BP, Robert Dudley, Britain
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