Suzanne Plunkett/Reuters BP's chief executive Bob Dudley has warned that the current crisis in oil prices is as bad as the one the market experienced in 1985 and 1986, when crude prices capped a six-year-long struggle by falling as low as $7 per barrel. Oil prices have fallen by a quarter since the turn of the year and by 75% over the last 18 months and, speaking at the World Economic Forum in Davos, Dudley said he expected crude to remain under pressure for the foreseeable future. "The first an...
Suzanne Plunkett/Reuters BP's chief executive Bob Dudley has warned that the current crisis in oil prices is as bad as the one the market experienced in 1985 and 1986, when crude prices capped a six-year-long struggle by falling as low as $7 per barrel. Oil prices have fallen by a quarter since the turn of the year and by 75% over the last 18 months and, speaking at the World Economic Forum in Davos, Dudley said he expected crude to remain under pressure for the foreseeable future. "The first an...
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