A chief economist with the world's third-largest oil producer British Petroleum (BP) on Tuesday said he had no concerns over global oil supply in the foreseeable future. "Our problem does not lie under the earth," BP Group chief economist Christof Ruehl was quoted as saying by the Austrian Press Agency APA. Despite considerable increases in costs over the recent years, BP expected its annual output to increase by 18 percent over the next 20 years to 103 million barrels per day, Ruehl said. He said problems in oil availability would more likely result from politics such as access restrictions.
GMT 18:36 2017 Tuesday ,26 December
Scenting a recovery, oil producers ratchet up spendingGMT 20:43 2017 Monday ,25 December
Oil markets will witness balance in 2018: Iraqi Oil MinisterGMT 16:17 2017 Sunday ,24 December
Iraq invites bids for new oil pipelineGMT 14:26 2017 Friday ,22 December
Energy prices bump key US inflation index up in NovemberGMT 17:59 2017 Tuesday ,19 December
Japan trade surplus drops sharply on higher oil importsGMT 17:31 2017 Thursday ,14 December
Energy costs push US consumer inflation higher as Fed meetsGMT 15:30 2017 Wednesday ,29 November
Shell resumes all-cash dividend as oil price recoversGMT 13:22 2017 Sunday ,26 November
Chinese demand teaser to weigh on Vienna oil summit
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor