Ben van Beurden points to first mixed signals of a recovery though raises concern that prolonged low prices could lead to a sudden increaseShells chief executive has said there are signs the price of oil could start to recover and warned that prices may spike if they stay low for a long period.
Ben van Beurden told a conference there are four “signposts” for short-term oil prices: demand for oil in the global economy,the behaviour of the Organisation of the Petroleum Exporting Countries (Opec), the US shale industry, and the cost of production. Related: How plunging oil prices believe created a volatile new force in the global economy Related: Shell and BP execute new inroads in Iran Continue reading...
Source: theguardian.com