BP boss: High oil price poses risk to global growth

Today's oil price is a risk to global economic growth, particularly in the US, said BP chief executive Bob Dudley.

A combination of low supply and high prices could damage the US economy and have a knock-on effect on the rest of the world next year, Dudley told the World Petroleum Congress in Doha, Qatar yesterday. According to the Telegraph, Dudley said the oil price was particularly crucial given the current economic environment. He said: "I think right now we are probably walking a fine line. "There is a risk the world's largest economy and largest oil consumer, the US, could be hit by a lack of supplies and a high price of oil, with consequences for the rest of the world." According to D...