Global Oil Demand Not 'Collapsing,' Says Shell CEO
By:
CNBC.com News
Posted on June 05, 2012 at 00:47 AM EDT
Crude oil prices have plummeted 20 percent over the past three months, but the CEO of Europe's biggest oil company Royal Dutch Shell, Peter Voser, doesn't think global demand is "collapsing". He, however, expects further downside in oil prices in the second-half of the year as the market is well supplied.
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