February 14, 2017 / 1:42 PM / 5 months ago

BP says U.S. shale oil output to keep a check on spike in oil prices

1 Min Read

CAIRO, Feb 14 (Reuters) - BP's CEO said on Tuesday that U.S. shale oil production will keep a check on any spikes in oil prices.

Bob Dudley, speaking at an media conference, also said he sees about $55-60 per barrel as a healthy price for crude oil.

Egypt has gone from exporting energy to being a net importer as domestic output has failed to keep pace with rising demand. (Reporting by Lin Noueihed and Eric Knecht; Editing by Louise Ireland)

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