Jun. 29, 2016 4:22 PM ET|
Royal Dutch Shell’s upstream business has struggled on account of lower oil price realizations, but this is about to change going forward.
With Brent now hovering around $50, the average price of oil has improved in the second quarter and this will help Shell improve its realizations in the upstream.
Shell’s upstream performance could improve further as higher inventory drawdown on the back of weakening production and stronger demand will lead to higher prices.