BP CEO Dudley: Brexit Could 'Gyrate' Pound

The transcript covers various aspects of the oil and gas markets, including supply-demand balance, US shale production, and gas market dynamics. It discusses the economic viability of shale production, the impact of geopolitical factors on oil prices, and the industry's focus on reducing costs. The potential effects of Brexit on financial markets and BP's operations are also explored.

What factors are influencing the oil prices according to the text?

How does US shale production impact the oil market?

What is the expected oil price range by the end of the year?

What are the implications of Brexit on the oil market as discussed in the text?

What strategies are companies considering in response to the current oil market conditions?