Bob Dudley

BP CEO gives oil price forecast for 2018

The current price of oil of $69 per barrel is somewhat high, BP CEO Bob Dudley said at the World Economic Forum. Dudley noted that the company's experts predicted decline in oil prices. "We expect the …

BP to open its office in Iran

British oil giant BP will open an office in Iran this summer, according to Rokneddin Javadi, chairman of the National Iranian Oil Company, Morningstar Advisor reports with reference to The Wall Street Journal. …

BP intends to upgrade Baku-Supsa oil pipeline

British company BP, the operator of Baku-Supsa oil pipeline, intends to invest 150 million dollars in its modernization and improvement of environmental standards, the report of the Georgian government's administration says. Project …

El-Badri: oil industry’s best days are yet to come

Global demand for oil will increase and the supply of raw materials from non-OPEC producers will be reduced, the Secretary General of OPEC, Abdallah Salem el-Badri, said at a conference in Kuwait City. He noted that the oil …