Financial Manager for BP: oil will not exceed $55 by 2017


Anticipating the financial sector in the BP company, Tuesday, stable oil prices this year, although efforts to extend an agreement to cut production.

Said Brian gilvary, press conference "Economics News boards, that oil prices will stabilise at a level between $50 to $55 a barrel in 2017.

And scheduled to meet members of OPEC and independent producers from outside at the end of this month to discuss plans to extend production cuts agreement till the end of the year.

Gilvary finds that rising shale oil production in the United States will put downward pressure on oil prices, even if agreement is reached to extend the production cuts.

Benchmark Brent rose by 0.6% to $51.82 a barrel at 9:53 GMT.