Shell Boss Sees Bottom of Cycle

摘要

Royal Dutch Shell Chief Executive Jeroen van der Veer believes oil prices and downstream margins are unlikely to fall much further, but says the Anglo-Dutch supermajor has to prepare for the possibility that the economic downturn could last beyond 2009."We don't have a crystal ball, but it looks like we are bouncing along the bottom of the upstream and downstream cycle in 2009," van der Veer told reporters at Shell's annual strategy presentation in London on Tuesday.