BP’s Dudley: Oil may stick at $50 ‘for some time’

Oil prices may remain at $50 per barrel “for some time,” the CEO of BP warned on Tuesday, after the supermajor reported a quarterly impairment charge of $3.6 billion on the back of tumbling energy prices.”With the lower oil prices, certain triggers have made us, through accounting reasons, impair a good chunk of our assets. That’s just a reflection of the world we are in today,” Bob Dudley, the head of BP, told CNBC on Tuesday.

via BP's Dudley: Oil may stick at $50 'for some time'.

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