BP: Oil Price Won't Increase Anytime Soon

BP CEO Bob Dudley says that the company is planning on "lower for longer" when it comes to oil prices.

Jun 5, 2015

Latest in Supply Chain
Modeling AI ROI Like a CFO, Not a Vendor
Sponsored
Modeling AI ROI Like a CFO, Not a Vendor
October 1, 2026
In this photo provided by the Transnet Freight Rail, a freight train that claims to be the longest in the world is seen in Saldanha Bay, South Africa, Oct. 17, 2026.
The World's Longest Freight Train Makes a Test Run
October 27, 2026
Trader at NYSE trading floor wearing headset and holding tablet with monitors displaying market data and American flag in background
Oil Prices Climb to Highest Level in More Than Four Years
October 26, 2026
Sen. Susan Collins, R-Maine, speaks to reporters following a campaign stop in Lewiston, Oct. 21, 2026.
Trump, Seeking to Help Maine Senator, Exempts Some Canadian Imports From 50% Tariffs
October 26, 2026
Related Stories
Mnet 45730 Governor Rhode Island 0af91
Supply Chain
Budget Plan Has Governor's Job Creation Tools, But No Toll
Mnet 45727 130662
Supply Chain
Workers Begin Cooking Up Spam In Expanded Iowa Plant
Mnet 45714 0204b4391c777e19780f6a7067002bcd
Supply Chain
U.S. Employers Add Solid 280K Jobs
Modeling AI ROI Like a CFO, Not a Vendor
Sponsor Content
Modeling AI ROI Like a CFO, Not a Vendor
More in Supply Chain
Modeling AI ROI Like a CFO, Not a Vendor
Sponsored
Modeling AI ROI Like a CFO, Not a Vendor
A six-step framework for building AI business cases that survive audit scrutiny, board review, and hindsight.
October 1, 2026
In this photo provided by the Transnet Freight Rail, a freight train that claims to be the longest in the world is seen in Saldanha Bay, South Africa, Oct. 17, 2026.
Supply Chain
The World's Longest Freight Train Makes a Test Run
It required electric and diesel locomotives positioned throughout the train to power it.
October 27, 2026
Trader at NYSE trading floor wearing headset and holding tablet with monitors displaying market data and American flag in background
Energy
Oil Prices Climb to Highest Level in More Than Four Years
While higher oil prices weighed down much of the market, they helped boost energy companies.
October 26, 2026
Sen. Susan Collins, R-Maine, speaks to reporters following a campaign stop in Lewiston, Oct. 21, 2026.
Supply Chain
Trump, Seeking to Help Maine Senator, Exempts Some Canadian Imports From 50% Tariffs
Maine blueberry growers, for example, need specialized harvesting boxes from Canada.
October 26, 2026
3M company logo on outdoor sign in front of brick facility building
Energy
AWS to Deploy 3M's Optical Connectivity Platform for Data Center Infrastructure
The companies expect the collaboration and related investments to support more than 500 jobs.
October 23, 2026
Offshore oil and gas extraction platform with multiple derricks and pump jacks silhouetted against dark storm clouds
Energy
Trump’s Math on U.S. Deal for Venezuelan Oil Doesn't Add Up, Experts Say
The bad data began years ago.
October 23, 2026
Damaged BMW sedan with detached engine component displayed on ground during investigation with officials and onlookers in urban courtyard
Energy
Kremlin Says First Tanker of Russian Diesel Sets Sail for U.S.
It would be the first Russian diesel delivery to the United States since July 2023.
October 23, 2026
Gloved hand holding a brass gas regulator valve with pressure gauges and black control knob in laboratory setting
Energy
U.S. Designates Helium as Critical Material, Citing Semiconductor Importance
U.S. production of helium is constrained.
October 23, 2026
I Stock 184056989
Supply Chain
Cutting Tool Shipments Up Over 30% in August
Shipments through the first eight months of the year were up 22%.
October 22, 2026
Business professionals gathered in South Carolina Lounge for corporate presentation at podium with display screen
Automotive
Seven Automotive Suppliers to Spend $82M in South Carolina
The suppliers will make components for Scout Motors vehicles.
October 16, 2026
Modern glass and steel office building with company signage on facade under blue sky
Supply Chain
Hewlett Packard Boosts AI, High-Performance Computing Efforts in Wisconsin
The company will expand its testing, warehousing and manufacturing capabilities in Chippewa Falls.
October 16, 2026
I Stock 1398220291
Supply Chain
Is the World Pricing the Risk of a U.S. Diesel Export Ban?
The move would split the U.S. and world markets for diesel.
October 16, 2026
Rear view of light blue Rivian R1T electric truck with red horizontal tail lights and gray bumper
Automotive
Rivian, Redwood Materials Expand Partnership to Span Lifecycle of Battery
End-to-end battery solutions transform waste into grid energy storage power.
October 15, 2026
Modern industrial facility with Helios Technologies signage, featuring blue and white architecture with cylindrical ventilation stacks on the roofline.
Operations
GlobalFoundries to Open 2 New Chip Plants in New York
They're financed by an investment of up to $21 billion from Japan.
October 14, 2026
A worker restocking products in a supermarket in Montreuil, France, Oct. 14, 2026.
Software
Supermarkets Scramble to Restock Amid Potentially Ongoing Cyberattack
Authorities urged stores to reconnect refrigerators to the internet only through a secure network.
October 14, 2026