Shell CEO Sees Long-Term Oil Price At $90

ShellBEN STANSALL/AFP/Getty ImagesSimon Henry, Chief Financial Officer of Royal Dutch Shell, addresses a press conference in central London on January 29, 2015,

Oil prices should reach a long-term equilibrium of $US90 per barrel, Royal Dutch Shell’s Chief Executive Ben van Beurden told a conference call on Thursday.

He said it was impossible to predict when prices would return to those levels and said oil prices were poised to remain volatile in the mid-term.

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This article originally appeared at Reuters. Copyright 2015. Follow Reuters on Twitter.

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