3Yrs Varaku Oil Prices Will Stay Low Anta.... B P Says..

[Spartan]

The boss of oil giant BP's boss Bob Dudley has said that oil prices could remain low for up to three years.

He added that could send UK petrol prices below £1 per litre.

 

He told BBC Business editor Kamal Ahmed in Davos BP was planning for low oil prices for years to come.

That is expected to lead to job losses and falling investment in the North Sea oil industry and elsewhere, curbing supply and eventually forcing the price back up.

 

Italian oil group Eni has said the next spike could be around $200 a barrel.

 

Eni's chief executive, Claudio Descalzi, said the oil industry would cut capital spending by 10-13% this year because of slumping prices.

 

He said that would create longer-term shortages and sharp price rises in four to five years' time, if the Opec cartel fails to cut supplies.

 

Mr Descalzi was speaking at the World Economic Forum in the Swiss resort of Davos.

[tom bhayya]

3 yrs varaku antey kastam man.. even saudi cannot afford that

[Spartan]

3 yrs varaku antey kastam man.. even saudi cannot afford that

 

emo they might get used to it..

 

1 yr constant ga low unte..inflation drop aipoddi ga worldwide...?

[ZuniorVentiyar]

yep... 

3 yrs varaku antey kastam man.. even saudi cannot afford that

 

[aragorn]

@3$% BP mata vinakandi vallu assamed a fines n other troubles. akkada already US shale productions down anta plus consolidation jaruguthundhi, 3 yrs too much, may be 1 yr max.

[aragorn]

3 yrs varaku antey kastam man.. even saudi cannot afford that

 

they can afford it but will they ani question.
 

[tom bhayya]

emo they might get used to it..

 

1 yr constant ga low unte..inflation drop aipoddi ga worldwide...?

 

Saudi kingdom is the largest employer in Saudi and 40% of GDP comes from oil.
 

[Spartan]

Saudi kingdom is the largest employer in Saudi and 40% of GDP comes from oil.
 

 

Supply or output tagginchestara..

 

virtual scarcity create cheste cheppalem..

[Nellore Pedda reddy]

3 yrs undadu man

[sigsegv]

ippudu 3 yrs low gaa unte ikkada manam assam aithaama .. ee okkati answer cheyyandi.. asalu jobs leka tech maarudhaam anukuntune .. ee news ento..

[Spartan]

ippudu 3 yrs low gaa unte ikkada manam assam aithaama .. ee okkati answer cheyyandi.. asalu jobs leka tech maarudhaam anukuntune .. ee news ento..

 

em kaad man...nerchukon maripo

[athletics]

3 yrs varaku antey kastam man.. even saudi cannot afford that

 

eventually that is a given as the dependency on the oil goes south, can't afford? doubtful man. anduke kada they are intelligently diverting their investments in to real estates, banking, construction, retail etc. Na cowroker chepputande monna Dubai trip velli vachadu akkadiki, vani dimma tergi poyindi anta, all exotic and expensive stuff under one roof anta (itseems you have all world famous fashion labels under one roof), what he said is if you are rich you need fly mutiple locations/countries for shoping and you can just make a one stop shopping at Dubai becuase they made it all accessible under single roof - this is just one example basically their goal is to divest in to other businesses and even now they investing in coutries in India, Pakistan etc . 

[kumar654]

3 yrs varaku antey kastam man.. even saudi cannot afford that

Small oil companies ki hopes poyela n market nundi vella gottadanike ee comments

[vaade_veedu]

Intimidation tactics I guess .. 3 yrs down unte market upside down autundi !

[SwamyRaRa]

kkk...