Head of BP Believes That Era of Oil at $ 100 per Barrel Has Passed
High volatility in oil prices is also unlikely due to the emergence of a third player in the oil market - the United States. The possibility of a rapid increase in production by US companies virtually eliminates the likelihood of an oil shortage anywhere in the world, as US companies "can easily fill it", Dudley said. The United States has created a price damper in the oil market, from which prices will now not fluctuate as much as in earlier times, he believes.
According to the head of BP, due to the great attention of the world community to the issue of the impact of oil projects on the environment, pressure on the business of mining companies will intensify.