Shell’s CEO signaled no urgency to pursue acquisitions to rebuild oil and gas reserves, despite analysts warning that the group’s reserve life has fallen below eight years, its weakest level in over a decade. The stance comes as global benchmarks Oil – Brent Crude and Oil – US Crude, along with Natural Gas, trade against a backdrop of tighter long-term supply concerns.
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Over the past month, Brent has advanced about 7.5% and WTI roughly 7.4%, while natural gas gained around 9.2%, moves that reflect both geopolitical risk and expectations for future demand. Daily technicals show WTI and Brent flashing a Strong Buy and Strong Buy bias respectively, whereas natural gas screens as Sell, highlighting a divergence between short-term momentum and the longer-term reserve narrative affecting majors like Shell. Investors can explore more updates, prices, and analysis across global markets at Commodities.