BP CEO Dudley: Planning Business on $55 Oil in 2017

The transcript discusses recent movements in the oil market, highlighting the significance of Russia's agreement and Saudi Arabia's stance. It explores oil price forecasts, potential impacts of production cuts, and BP's strategic focus on growth and investment. The conversation also covers deals and acquisitions, market consolidation, and the global oil industry's outlook, including geopolitical factors and the role of OPEC.

Explain the importance of compliance and curtailments in the oil industry as discussed in the text.

What are the implications of the current oil market volatility for companies in the industry?

What is the speaker's perspective on the future of shale production in the US?

What factors are influencing the oil demand in emerging markets according to the text?