Chief Financial Officer for "BP": oil will not exceed $ 55 during 2017
Economy News _ Baghdad:
Last updated 05/02/2017
- 13:17
Expected head of the financial sector in the company "BP", on Tuesday, the stability of oil prices in the current year, despite efforts to extend production cuts agreement

Said Brian Jylvara, told a news conference followed the "Economy News", oil prices will stabilize at a level between $ 50 to $ 55 a barrel in 2017

It is scheduled to meet members of OPEC and independent producers from outside at the end of this month to discuss the extension of an agreement to cut production until the end of the year plans

Jylvara believes that the rise in shale oil production in the United States will put downward pressure on oil prices, even in the event of a deal to extend production cuts

The price of benchmark Brent rose 0.6% to $ 51.82 a barrel at 9:53 GMT