22.01.2016 - Oil price: fall to $10 a barrel 'not impossible', admits BP boss
Independent analysts predicting the oil price could fall to painful lows is one thing, but when an oil major admits an ultra-bearish forecast is likely, people sit up and take notice. zzzzthe boss of BP, Bob Dudley, told the BBC's Kamal Ahmed it was "not impossible" the price of oil could fall to $10 a barrel - a forecast made earlier this month by emerging-markets lender Standard Chartered. In fact, he has predicted "a price $30 to $40 by the middle of the year" and eventually "towards the end of the year, it could be into the $50s"...............................................Full Article: Source
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