Shell expect crude oil markets to tighten in the second half of the year if the Opec+ alliance keeps supply cuts in place, Chief Financial Officer Sinead Gorman said.
"We continue to see the markets incrementally tightening in the second half of the year, and that's really dependent on Opec decisions. They will make the difference in terms of supply demand," Gorman told reporters.
Shell also sees an uptick in demand for liquefied natural gas (LNG) in southeast Asia as prices remain relatively weak after a mild winter, she added. -Reuters