Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Shell CEO Voser Warns on Future of Oil Supply, Telegraph Says

March 5 (Bloomberg) -- Royal Dutch Shell Plc Chief Executive Officer Peter Voser believes the $116 oil price caused by the Middle East crisis will soon ease but warned of a longer-term shock where supply can’t meet demand, the Daily Telegraph reported, citing Voser in an interview.

Lack of investment over the past few years will most likely be the biggest cause of high oil prices, the newspaper cited Voser as saying.

Voser said he’s confident the Organization of Petroleum Exporting Countries would be able to compensate for the loss of one million barrels a day of production from Libya, the Telegraph reported.

Oil rose to a 29-month high in New York yesterday on concern that the unrest in Libya will spread to other oil producers in the region.

To contact the reporter on this story: Renee Lawrence in London at

To contact the editor responsible for this story: Colin Keatinge at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.