Shell new victim of the fall in black gold prices

Fifteen days after the British BP, it is the turn of another oil major to bear the brunt of the coronavirus pandemic and the subsequent drop in energy demand. Tuesday, the Anglo-Dutch company Royal Dutch Shell, with 305 billion euros in turnover, announced that it would pass heavy asset impairments in its quarterly accounts expected on July 30. Where BP estimates depreciation to be spent between 11.6 and 15.6 billion euros over the period from April to June, Royal Dutch Shell figures it between 13.5 and 19.6 billion euros.

The Anglo-Dutch giant is the last among its peers to revise its outlook for black gold prices, which it sees staying at least two years below the 60 dollars usually considered a reasonable break-even point. Like its competitors, it also faces the mobilization against climate change, which is unfavorable to the demand for fossil fuels. "The area

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