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Commodities Briefing - Categorized | Oil, Price Watch more

Shell CEO says $100/barrel is ‘good value’ for oil

Posted on 16 October 2013

Oil prices are likely to rise in the long-term as production costs escalate and a “good value” for oil is at around $100 a barrel, Peter Voser, Chief Executive of Royal Dutch Shell PLC, said Tuesday at an industry conference.
“If you look long term, the oil price in our opinion will rise because it will be technically speaking more complex to develop the resources,” Mr. Voser said, adding that non-technical costs of engaging with communities and governments will also increase………………………………………..Full Article: Source


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