BP's Irish boss sees oil demand lasting long time

Oil industry executives are encouraged by a robust rebound from the pandemic in the US, China and Europe
BP's Irish boss sees oil demand lasting long time

BP chief executive Bernard Looney: 'There is a lot of evidence that suggests that demand will be strong, and the shale seems to be remaining disciplined. I think that the situation we’re in at the moment could last like this for a while.'
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Energy giant BP sees a strong recovery in global crude demand and expects it to last for some time, with US shale production being kept in check, according to CEO Bernard Looney.

ā€œThere is a lot of evidence that suggests that demand will be strong, and the shale seems to be remaining disciplined. I think that the situation we’re in at the moment could last like this for a while,ā€ Mr Looney said.

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