Bob Dudley: Market is being stabilized, but there is no oil at the price of $100/barrel for a while
Edited by Rhod Mackenzie / 2016-06-24 07:37:02
The situation on the oil market is being stabilized and this process will continue until the end of this year. However, the return to the old prices for oil shouldn’t be expected in the short term. Head of British Petroleum Robert (Bob) Dudley said this, speaking at the meeting of the Economic Club in Washington.
He noted that since June 2014 the price of oil fell by 75%. "Two years after the beginning of the fall in the oil prices, I’m pleased to report that I’m quite sure that the world's supply and demand have been balanced recently, and we believe that this trend will continue in the second half of 2016", - said Dudley.
