saysow, bps ceo bob dudley geopolitical uncertainty including venezuela, libya, and iran, they are thets to the oil market. dudley also discusses company's plans for the permian basin. we made a purchase of bhp's assets in the u.s. ecause of a little bit of bottlenecking, we will focus on -- there is good properties. we are of course going to be investing in the permian, but we are going to get the bottlenecks going and then really study it. we have big plans in the permian but not anywhere near yet to be a will to make a projection. >> do you feel the numbers that they are throwing out there, does that sound right to you to compete with that? bob: maybe not in size. their investments are bigger in the permian. it sounds right up the right price of oil and the cost structure, so if things were to stay where they are today i , would say that that it's very possible. but at the price of oil, if it really drops then it is a , different matter. no reason to think either one is going to happen. i think their forecast -- i am sure they sharpened their pencils really well. and probably said w

significant defeat bob dudley is still with us.ob, if i may, i wanted to come back out to you for the reaction you said at the top of the interview to brian you deal with difficult political situations alm around the world in a lot of the countries you operate in where's the uk in your mind now in terms of business certainty on that scale? is it right down there towards the bottom with some of the toughest emerging hot spots you operate in has it lost its star over the last couple of years >> uncertainty is clearly there and you read about it every day. i think it's an unfortunate negotiation and i have sympathy for the prime minister to negotiate every day, everything in the press publicly and members of her own party that don't agree. but i think again this isn't over yet i think we are not fully sure what the eu will do. the negotiations will go on for a number of days here at least and doesn't surprise me there's no certain outcome. >> and to go on what you mentioned -- >> sorry, brian. keeping your headquarters and listing in

i am going to have interviews ,ith bob dudley, rick perry president of exploration and production.does it for bloomberg commodities edge. catch me every thursday at 1:00 p.m. new york time. ♪ scarlet: i am scarlet fu. we focus on the risks and rewards offered by funds. ♪ scarlet: the world's hottest stock market, investors compete into china. trade optimism picks up. harder, retired -- warns investors they will never perform the way he did at pimco. we dig into

and, bob dudley gives his take on the oil market. >> you can feel it tightening of the market right now. the u.s. has to make decisions on whether to extend sanctions to iran or not and that could make it a volatile year. ♪ alix: i'm alix steel, this is "bloomberg commodities edge." time for the data dig. first up, the oil inventory numbers. the overall crude stockpiles fell by 3.9 million barrels, and a good portion of it came from pad five. that was unusual. inventories hit their highest level since november, 2007 team. a bottomless cup of coffee sounds yummy but not if you are dealing with pricer's and investors. it is below one dollar per pound nearing $.90. , the usda sees inventories of 24% this year. and let the sunshine in. u.s. solar installation set to rebound this year. would max says annual installations could reach highs as people pile in before tax credits expire. opec says no way to nopec, pushing back on legislation in congress that would allow the u.s. to sue cartels. the secretary of energy perry about his relationship. >> i think we have a very workable relationship w

bp chief executive bob dudley earn fourteen point seven million dollars last year that's after bp's profits doubled. making a solid recovery after a decline in oil prices. it's an actualally would have bn higher if the board of directors had an exercise its authority to limit dudley's compensation. shareholders across role of express concerns about pay levels at b. p. and other energy companies. but clearly it it's still pays handsomely to being a business on and and still i mean those efforts only showing limited -- limited amount of success seems lilike indeeeed -- thank you vey much for that cool cool steiner there was a look at the day's business news gonna take a quick break stay with us more to come. we're live from paris 03/29/19 03/29/19 [captioning made possible by democracy now!] amy: from new york this is , democracy now! >> last week my attorneys and i filed a claim against harvard. i am asking for the return of my enslaved ancestors images. in the complaint is more than images, complaint about it is a history lesson. in specifically, it points to

haidi: that was the bp ceo, bob dudley, with bloomberg's alix steel.n is terminating production of its upscale infiniti models in the u.k. as part of its plan to withdraw the brand from western europe. nissan/renault/mitsubishi alliance is moving on from the carlos ghosn era. they are streamlining decision-making with one single board to oversee the collaboration. ngry: tim meisner and roger has been banned by the federal for their roles in malaysia is scandal.illions the coordinated bond offerings that about cash to be stolen from the investment fund 1mdb. $1.4 millionined and pleaded guilty to charges including conspiracy to money laundering. the trend for the iphone is going from bad to worse. that is the assessment of an analyst who affirmed his mutual rating on apple and found that multiple price cuts did not stop chinese search trends further the device from weakening. bloomberg data shows almost 1/5 of apple's fiscal revenue came from the iphone. shery: the maker of budweiser and stella artois beer is turning the leftovers from the process into

tony blair on brexit and more on -- and bob dudley on opec.estors tell bloomberg where they are going out growth -- now that growth is slowing. bruce: the four largest economies in europe slowing and slipping towards recession. josh: it is time to be cautious. >> my bet on the u.k. banks is really -- kailey: this is bloomberg. ♪ kailey: this is "bloomberg best." it has been another week of high drama on brexit with experts in business and politics joining us to talk what lies ahead for the eu. let's revisit our most interesting interviews, starting with our exclusive conversation with former prime minister tony blair. mr. blair: if britain is prepared to think again, then europe should think again. the issues that gave rise to you brexit are europe issues, not british issues. immigration, fear of communities left behind, casualties of globalization, a feeling that europe was integrating in a way that people lost control of. similar themes all over the world at the moment. and the smart thing would be for britain to think again, and europe also

we have tony blair on brexit and bps bob dudley on opec.rs tell bloomberg where they are going out growth is slowing. bruce: the four largest economies in europe slowing and slipping towards recession. josh: it is time to be cautious. steve: my bet on the u.k. banks is really a brexit plan. kailey: this is bloomberg. ♪ want more from your entertainment experience? just say teach me more. into your xfinity voice remote to discover all sorts of tips and tricks in x1. can i find my wifi password? just ask. [ ding ] show me my wifi password. hey now! [ ding ] you can even troubleshoot, learn new voice commands and much more. clean my daughter's room. [ ding ] oh, it won't do that. welp, someone should. just say "teach me more" into your voice remote and see how you can have an even better x1 experience. simple. easy. awesome. kailey: this is "bloomberg best." it has been another week of high inma on brexit with experts business and politics joining us to talk what lies ahead for the eu. let's revisit our most interesting interviews, starting wi

bp ceo bob dudley says geopolitical uncertainty around countries including venezuela, libya, and iranggest threats to the oil market. speaking to bloomberg in houston , dudley also discussed his company's plans for the permian basin. assetsade a purchase of in the u.s. for the party. -- permian. we will focus first on the eagle ford and there are good properties. we will be investing in the permian, but will get the bottlenecks going and then really setting it. we have got big plans, but not anywhere near to make a projection. do you feel the numbers chevron and exxon are throwing out there, one million barrels of oil a day, does that sound right? >> maybe not in size, because their investments are bigger, but it sounds right and the right price of oil and cost structure. if things were to stay where they are coming i would say that is very possible. if the price of oil really drops, that is a different matter. i have no reason to think either one could happen, some sure they sharpened the really -- sharpened their pencils really well. >> what kind of prices do you like? >> breakeven

mckee is sitting down with bob dudley, the former new york fed president.e talking rates and the growth of the u.s. economy. welcome to all of our viewers and listeners on bloomberg television and radio worldwide. ,e are joined by william dudley the former president of the new york federal reserve, now semiretired. you are keeping up with everything that has been going on. one of the questions that comes up here as people look forward to what monetary policy is going to be the rest of the year, what is neutral? the fed it seemed to think it was another 50 basis points are so higher. are? do you think we >> i don't think anyone knows with any certainty. this has been unusual cycle. generally, what the fed is saying in the language of being patient is that they will take a pause and wait for more data. a number of things moved them off more tightening. stock prices went down and credit spreads widened. that was one concern. second, foreign growth looked a lot weaker. number three, there wasn't any inflation. the unemployment rate was low. you weren't seeing m

alix: that was part of my interview with bob dudley, bp ceo.ty question is germane to the big oil coming in to us shale. if you are private or small producer, you cannot handle the volatility. if your caps on or bp, you can absolutely handle the volatility. david: or chevron. your big balance sheet and can afford to do that. it is different from the startups. one thing that stuck me in your interview, u.s. producers seem to be concentrating on shale, particularly in the permian. they're giving up on stuff around the world. alix: which is interesting because there was a note out from jpmorgan saying lazy returns from deepwater better than that of u.s. shale. barrel whenbe $40 a it comes to deepwater. the differences the cycle. for u.s. shale you can get the money right away. for deepwater you might not get paid back for years. that is the distinction in the market. at what point do you cannibalize your own returns? david: which we talked about with the chevron ceo. they like it because they get a short return on shale. what happens after that? -

and the bp boss bob dudley took home £11.2 million in pay last year after the energy giant more than to £14 million. well, in case you missed it, which i doubt, you'll already know that mps have once again refused to approve theresa may's brexit deal, the only thing that's certain now, then, is that we face more uncertainty. so how have the markets responded? well, to find out, let's go straight over to simon french, chief ecnomist at panmure gordon. the point went down briefly and then came back up. it has been an underwhelming reaction. the market had already priced in a defeat for the government and the magnitude was not that different to where traders positioned. this was a fairly benign reaction. markets are already looking ahead to what the indicative boot process will come up with on monday, rather than focusing on the defeat in the house of commons today. figures out today show that business investments and exports are pretty wea k. business investments and exports are pretty weak. in the fourth quarter of the year we had gross domestic product rising at 0.2% quarter on quart

bob mueller in to testify, that we take it to court if necessary. >> laura: okay, so many of them just will not accept this loss. but rebecca dudley certainly does. remember, she was the woman who cocreated this button and sold more than 48,000 of them to liberals all over the country. who said faith was dead? she told "the new york times" this week of the mueller report that "she knew there was no way anything could live up to two years of hype." so she's thinking of creating a new button to restore hope in the hearts of leftists everywhere. >> it will read sdny, as in southern district of new york. which i think may take them all the way back to the first stage of grief, denial. and that's the angle. joining us now, former house speaker newt gingrich, fox news contributor and host of a new podcast called newt's world. congressman jim jordan, ranking member of the house oversight committee. mr. speaker, which stage of grief do you think the liberals are in right now? >> i think they are in denial. i think they will be in denial until 2025. i think they will get up every morning and think he can't still be there. it's not true. an