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Shell CEO sees long-term oil price at US$90/barrel

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Oil prices should reach a long-term equilibrium of US$90 per barrel, Royal Dutch Shell's Chief Executive Ben van Beurden told a conference call on Thursday.

[LONDON] Oil prices should reach a long-term equilibrium of US$90 per barrel, Royal Dutch Shell's Chief Executive Ben van Beurden told a conference call on Thursday.

He said it was impossible to predict when prices would return to those levels and said oil prices were poised to remain volatile in the mid-term.

REUTERS

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