BP CEO ‘Very Bearish’ on Oil as Storage Tanks Are Filling Up

  • Oil market to remain choppy in first six months of year
  • Supply and demand will start to balance in second half

Brent Oil Falls Most in 5 Months on Supply Glut

BP is planning for oil prices to stay low for the first six months of the year and expects surplus production to only start diminishing when storage tanks fill up in the second half.

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