BP CEO says oil prices could stay low for several years

BP CEO says oil prices could stay low for several years
# 04 February 2015 10:10 (UTC +04:00)

Baku – APA-Economics. BP's Chief Executive Bob Dudley said on Tuesday the oil industry should brace for a minimum of a year, and possibly several years, of low oil prices, APA-Economics reports citing Reuters.

Recall that the British oil and gas giant has reduced investment budget to $20 billion, up 13 percent compared to 2014.

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