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As Oil Prices Predicted To Remain Low, Energy Firms Seek Ways To Adapt

By Chris Arnold
Published July 28, 2017 at 4:54 PM EDT

The CEO of Royal Dutch Shell this week said his company is making a striking shift in its thinking: It now expects oil prices to remain low forever. The global oil glut of recent years shows no sign of diminishing. Energy demand has leveled off. And if electric vehicles take off, oil prices could come under even more downward pressure.

Copyright 2021 NPR. To see more, visit https://www.npr.org.

Chris Arnold
NPR correspondent Chris Arnold is based in Boston. His reports are heard regularly on NPR's award-winning newsmagazines Morning Edition, All Things Considered, and Weekend Edition. He joined NPR in 1996 and was based in San Francisco before moving to Boston in 2001.
See stories by Chris Arnold