Shell CEO sees long-term oil price at $90/barrel

By Staff Reporter | Jan 29, 2015 08:36 AM EST

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Oil prices should reach a long-term equilibrium of $90 per barrel, Royal Dutch Shell's (RDSa.L) 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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