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2015-07-17 12:40:00

SHELL EXPECTS $90

SHELL EXPECTS $90

Royal Dutch Shell (RDSa.L) expects oil prices to recover gradually over the next five years, with progress slowed by persistent global oversupply and receding Chinese demand growth.

The Anglo-Dutch energy giant is betting on crude rising to $90 a barrel by 2020, a key assumption in its move to buy rival BG Group (BG.L) for $70 billion to help transform it into a leading player in the costly deepwater oil production and liquefied natural gas (LNG) markets.

"We are not banking on an oil price recovery overnight. It will take several years but we do believe fundamentals will return," Andy Brown, Shell's upstream…

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Tags: OIL, PRICES, SHELL
Chronicle:
SHELL EXPECTS $90
2019, May, 24, 09:55:00
SOME PROBLEMS OF WORLD ENERGY. PART FOUR.
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SHELL EXPECTS $90
2019, May, 24, 09:50:00
FIRST BANGLADESH'S LNG
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SHELL EXPECTS $90
2019, May, 23, 12:35:00
OIL PRICE: ABOVE $70 YET
Brent crude futures were at $70.36 per barrel, down 63 cents, or 0.9%, from their last close. U.S. West Texas Intermediate (WTI) crude futures were down by 51 cents, or 0.8%, at $60.91 per barrel.
SHELL EXPECTS $90
2019, May, 23, 12:15:00
U.S. SANCTIONS FOR GERMANY
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SHELL EXPECTS $90
2019, May, 23, 12:10:00
RUSSIA'S GAS FOR AUSTRIA: +44%
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SHELL EXPECTS $90
2019, May, 23, 12:05:00
VIETNAM, RUSSIA LNG
NOVATEK announced that its joint venture Arctic LNG 2 and TechnipFMC signed a contract on engineering, procurement, supply, construction and commissioning of an integrated liquefied natural gas facility with annual liquefaction capacity of 19.8 million tons under the Arctic LNG 2 project. The contract terms provide for the launch of the first train of the project in 2023.
SHELL EXPECTS $90
2019, May, 23, 12:02:00
21ST AFRICA ENERGY FORUM | 11-14TH JUNE | PORTUGAL
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