Shell CEO: Oil prices will remain low all year

Shell CEO Ben van Beurden is expected to give a speech in London on Thursday, warning the industry against having too high expectations for a quick oil price rebound.

When Shell CEO Ben van Beurden delivers a speech to the industry in London on Thursday, he is expected to warn the industry against having too optimistic expectations for a speedy recovery in oil prices. He assesses that the price will remain at the current level for the rest of 2015, according to British newspaper The Telegraph, which is in possession of a draft for the speech.

"The Market will remain volatile. But currently I see no changes in the fundamental oil market circumstances," the CEO is expected to state on Thursday.

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