BP chief predicts oil price will stay low for three years

Laura Dew

BP group chief executive Bob Dudley is expecting oil to remain at current low levels for up to three years, leading to job losses and falling investment in the oil sector.

Speaking to the BBC at the World Economic Forum in Davos this week, the oil major's chief warned a continued low price would lead to job cuts and reduction in the North Sea investment. BP has spent...

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