Investors Hangout Stock Message Boards Logo
  • Home
  • Mailbox
  • Boards
  • Favorites
  • Whats Hot!
  • Login - Join Now!
Traders Cafe
(Total Views: 206)
Posted On: 05/21/2018 5:45:47 AM
Post# of 27274
Avatar
Posted By: JettLoneStar
Re: SaltyMutt #5418
$BP $DWT BP CEO Bob Dudley sees the oil rally cooling off, telling Reuters that crude oil likely will fall to $50-$65/bbl due to surging shale output and OPEC’s capacity to boost production.

Trade dislocations and sanctions "will have impacts here and there but the overall economic growth rates appear to be not overheated," Dudley says, adding that U.S. sanctions on Iran likely will reduce crude exports from Iran by the lower end of anticipated guidance of 300K-1M bbl/day.

Markets so far have been able to absorb oil’s rise without hurting demand growth, but Dudley says a sustained crude price above $80/bbl would be unhealthy.

(0)
(0)






Track Record In Real Time:
Skype: JettLoneStar Twitter: JettLoneStar



  • New Post - Investors HangoutNew Post

  • Public Reply - Investors HangoutPublic Reply

  • Private Reply - Investors HangoutPrivate Reply

  • Board - Investors HangoutBoard

  • More - Investors HangoutMore

  • Keep Post - Investors HangoutKeep Post
  • Report Post - Investors HangoutReport Post
  • Home - Investors HangoutHome
  • Mailbox - Investors HangoutMailbox
  • Boards - Investors HangoutBoards
  • Favorites - Investors HangoutFavorites
  • Whats Hot! - Investors HangoutWhats Hot!
  • Settings - Investors HangoutSettings
  • Login - Investors HangoutLogin
  • Live Site - Investors HangoutLive Site