LONDON, Oct 18 (Reuters) - BP chief executive BobDudley expects oil to trade at $50-$60 a barrel next year, hesaid on Tuesday, adding that his company would break even atprices slighly below $55.
"Last year we said we needed to balance at $60 and we had ajob to get it there ... Next year we will be able to balancesouth of $55," he told the Oil & Money annual conference.
He also said he does not see production rising fast in Iraqnext year and that there is still no clarity on new contracts inIran. (Reporting by Dmitry Zhdannikov; Editing by David Goodman)
BP (BP.)
