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REUTERS: Shell CEO sees no reason for panic over economy

Thu Jan 24, 2008 8:39am EST

DAVOS (Reuters) – Royal Dutch Shell’s (RDSa.L: Quote, Profile, Research) Chief Executive said on Thursday he saw no reason to panic about the world economic outlook, saying energy demand growth this year would be higher than 2007.

“I look at the energy industry, and of course we look at the total economic climate, but we don’t see any reason for panic,” Jeroen van der Veer told Reuters.

Referring to the U.S. economy, he said: “I don’t see a real reason for a kind of panic. There may be a bit of slower growth.”

(Reporting by Alex Lawler)

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