Economy 10-10-2018

BP qualifies as unstable the price of 85 dollars per barrel of oil

The current price of $ 85 per barrel of oil is not stable, said the president of the British energy company BP, Bob Dudley.

On the margins of the annual Oil and Money Conference, which is being held in London, Dudley told the press that "at present the oil market is very volatile, prices can both grow and fall and any decision or announcement can change them. "

"So I do not believe" that prices of $ 85 per barrel remain, he said.

Dudley said that at the moment the company "makes many investment decisions."

"But they are not related to the current price level, these projects will work even if a barrel costs $ 55," he said.

On October 3, the price of Brent crude peaked in four years, rising to more than $ 86.

This October 10 oil is quoted at 84.86 dollars.

One of the factors in the growth of oil prices is the future US sanctions against Iran's energy sector, which should enter into force on November 5.


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