Bob Dudley - BP

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Last quote by Bob Dudley

We continue to position BP for the new oil price environment, with a continued tight focus on costs, efficiency and discipline in capital spending.feedback
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Aug 01 2017 Oil
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Bob Dudley is associated, including Japan, oil, and pricing. Most recently, Bob Dudley has been quoted saying: “I think everyone uses the word balanced and they forget that it means different things to different people. To me it means on a daily basis production and demand is equal. So on a daily basis the market is balanced, it's just the inventory levels in the world that are so high. You can't do it weekly, which is what the market is doing, particularly focusing on the U.S. inventory levels.” in the article BP CEO says he's not expecting big rise in oil price, says market balanced on a daily basis. An other article where Bob Dudley has been quoted is Global energy demand stumbles for third year: BP.
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Bob Dudley quotes

Jul 26 2016 - British Petroleum

We do see the market coming into balance, it may already be there. There's a lot of stocks. It will take some time to work its way off, 18 months or so.feedback

Jul 26 2016 - British Petroleum

As we look forward we expect the external environment to remain challenging.feedback

Apr 26 2016 - British Petroleum

Market fundamentals continue to suggest that the combination of robust demand and weak supply growth will move global oil markets closer into balance by the end of the year.feedback

Feb 10 2016

Of course the turmoil is a big concern. I've been travelling recently to major consuming countries like Japan and even they say they would like higher oil prices.feedback

Feb 02 2016 - British Petroleum

We are continuing to move rapidly to adapt and rebalance BP for the changing environment.feedback

Jan 21 2016 - British Petroleum

The first and second quarter will be very difficult… It is a big shock for producing countries. It reminds me of (the oil crisis in) 1986.feedback

Jan 21 2016 - British Petroleum

Prices will remain low for longer but not forever.feedback

Jun 27 2014

I am working here with Rosneft. It's a business between the companies. I don't comment on personal sanctions.feedback

Jul 27 2010 - British Petroleum

There's no question that we're going to learn a lot from this accident in the Gulf coast. It's going to be about equipment, people, different companies and as a result of that we're going to learn a lot from that – both BP and the industry – and I'm sure there will be changes.feedback

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