BP Sees Oil Be­low $55 a Bar­rel in 2018

The Economic Times - - Finance & Commodities -

BP ex­pects global oil prices to hold within a range of $45-$55 a bar­rel next year as US shale pro­duc­tion grows, the com­pany's CFO said on Tues­day. Global oil de­mand re­cov­ered in the sec­ond quar­ter of 2017 and was ex­pected to grow by 1.4-1.5 MMbpd, Brian Gil­vary said.

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