15.04.2016 - BP CFO: Oil at $28 probably bottom for this year
The sharp rise in oil prices doesn't necessarily reflect market fundamentals, BP's chief financial officer said Thursday. Speaking on the sidelines of the company's annual meeting in London, Brian Gilvary said that expectations surrounding a large oil producers' meeting in Doha, Qatar this weekend to discuss a possible output freeze are driving prices. "I think maybe the price is getting a little bit ahead of the fundamentals," Mr. Gilvary said. "When it comes down to about $28, that is probably now the bottom for this year. We could easily see the price coming off from where it is at the moment," he added...............................................Full Article: Source
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