Shell cuts post-pandemic price outlook, but more upbeat on Q2 output

摘要

London—Shell slashed its near-term oil and gas price assumptions June 30 to reflect a weaker, post-pandemic market outlook, but said the crisis has had less of an impact on its production volumes than first expected. Shell said it now assumed Brent crude prices will average $35/b in 2020, rising to $40/b in 2021 and $50/b in 2022, all down from $60/b under previous assumptions given in early March.