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

Published Thu, Jan 29, 2015 · 11:33 AM

[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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Companies & Markets

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

KEYWORDS IN THIS ARTICLE

Energy & Commodities

Glencore now sees FY trading division profit between US$3 billion-US$3.5 billion

Hong Kong team plants seeds to safeguard legacy grains

Gold holds steady as investors focus on US Fed meeting

Chevron CEO expects ExxonMobil arbitration resolved in coming months

Oil falls more than US$1/barrel on Middle East peace talks, US rate cut doubts

Diamond giant De Beers is in the shop window, but the potential buyers are few

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