Upheaval leaves supplies vulnerable, warns BP

Lord Browne of Madingley, chief executive of BP, yesterday warned of “significant supply disruption” to world oil supplies as the company announced the biggest proposed cash return to shareholders in British corporate history.

Speaking as the oil giant announced a 25pc jump in annual replacement cost profits to $19.3 billion (

The Opec cartel of oil producing countries was likely to maintain a tight grip on the market. He added: “The vulnerability to a significant disruption is also expected to remain high.”

Daily Telegraph