Posts From King World News

Shell CEO sees first signs of oil price recovery

Oil markets are beginning to recover but the scale of global oversupply means prices may rise only slowly, the chief executive of Royal Dutch Shell Plc (RDSa.L) said on Tuesday. “I see the first mixed signs for recovery of oil prices,” Ben van Beurden told an oil industry conference in London. “But with U.S. shale oil being more resilient than we originally thought and a lot of oil still in

OPEC Worried About Its Public Image, Internal Report Says

LONDON—The Organization of the Petroleum Exporting Countries is worried about its public image. Over the past year, OPEC officials have fretted over legal attacks on the group, wondered whether they should engage in social media and pushed for better relations with Asian consumers, according to internal reports viewed by The Wall Street Journal. OPEC doesn’t have a Twitter or Facebook account that it regularly uses to distribute information.