Shell review for oil demand

Market news

7 November 2016

Shell review for oil demand

According to the second largest oil company in the world, the demand for black gold touched the lows in five years amid growing demand by consumers for electric cars and alternative energy sources. Shell began investing primarily in natural gas and biofuels. For example, this year Shell acquired BG Group for $ 54 billion in order to strengthen its position in the gas market.

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