July 26, 2012 / 10:15 AM / 7 years ago

Shell CEO sees weaker oil price in H2 2012

LONDON (Reuters) - Royal Dutch Shell (RDSa.L) expects the oil price to come under pressure in the rest of the year due to a weaker economy, the company’s chief executive said on Thursday.

“Given the macroeconomic downturn at this stage, I think you will clearly see a lower oil price compared to the last 18 months,” Peter Voser said at a news conference to discuss Shell’s earnings.

“I see the oil price soft in the second half,” he added.

Reporting by Alex Lawler

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