Shell Sees Stable Oil Price for 20 Years With Volatility Bursts
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Royal Dutch Shell Plc., Europe’s biggest oil company, said crude prices would on average probably remain at current levels or rise steadily for the next two decades, with periods of volatility.
“There are still tensions in the system that will lead to more of a flat outlook,” Vice President for Global Business Environment Jeremy Bentham said in an Oslo interview today. “So the current type of levels continuing, but with volatilities.”