Shell Warns Spare Oil Capacity Is Running Very Low ...Middle East

OILPRICE - Economy
Shell Warns Spare Oil Capacity Is Running Very Low
source : OILPRICE ( Middle East ) () 12
Global spare capacity is running very low, which will keep oil and gas markets on edge for some time, according to the chief executive of supermajor Shell. “Spare capacity is running very, very low,” Shell’s CEO Ben van Beurden said on Wednesday, as carried by Reuters. While global spare energy capacity continues to deplete, demand for oil and gas is still recovering despite the current economic and pandemic challenges, van Beurden told reporters. “I do believe that we’re going to be facing quite a bit of uncertainty…

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