As Oil Prices Predicted To Remain Low, Energy Firms Seek Ways To Adapt
The CEO of Royal Dutch Shell this week said his company is making a striking shift in its thinking: It now expects oil prices to remain low forever. The global oil glut of recent years shows no sign of diminishing. Energy demand has leveled off. And if electric vehicles take off, oil prices could come under even more downward pressure.
Copyright 2020 NPR. To see more, visit https://www.npr.org.