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Oil market balance, Trinidad & Tobago and Australia projects almost online - BP's Dudley




Petroleumworld 07 13 2017

The oil market is "pretty much" in balance, BP Chief Executive Bob Dudley said on Wednesday, adding that while he expects inventories to fall towards the end of the year, a big rise in the oil price can't be expected.

Dudley, who was speaking at an industry conference in Istanbul, also said he had not seen the final terms of new Iranian oil contracts.

Can't plan on big rise in oil price, Dudley said.

Trinidad & Tobago and Australia to be online "imminently"

Two new BP projects in Trinidad and Tobago and Australia are set to come on stream "imminently", Chief Executive Officer Bob Dudley said on Wednesday.

The two projects are part of a portfolio of seven new assets the British oil major will start up this year. Dudley was speaking at an industry conference in Istanbul.


Reporting by Karolin Schaps; Editing by Daren Butler and David Dolan from Reuters.

07 12 2017

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