BP: OPEC and other oil exporters are not willing to reduce production

BP CEO Robert Dudley has said that OPEC and other oil exporters, including Russia, are not going to reduce the level of production in order to stabilize oil prices.

"I do not see such a possibility in the short term. I do not know about the long-term prospects, but now people are set to implement their projects and increase production," Tass cites him as saying.