TotalEnergies and Shell CEOs warn of a diverging oil market where crude prices remain bearish while refined fuel prices surge due to Middle East conflicts and Russian refinery attacks. This split thre
Shell CEO Wael Sawan predicts crude oil market equilibrium may take over a year due to a 1.2 billion barrel deficit and geopolitical disruptions. He warned that inventory drawdowns are temporary and m
Shell CEO Wael Sawan asserted that meeting global oil demand is essential for decades, rejecting activist proposals to model declining demand scenarios. Shareholders will vote on the resolution, which
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