The Motley Fool: 3 big questions hanging over Royal Dutch Shell plc
By The Motley Fool Feb 14, 2017
A stagnating oil price has seen investor appetite for Royal Dutch Shell(LSE: RDSB) seep away from recent multi-year highs.
The crude colossus saw its share price strike its highest since November 2014 a month ago, but fresh fundamental fears have seen Shell — like many of its London-quoted peers — retrace more recently.
Shale producers returning
Arguably the biggest driver behind Shell’s decline has been a steady build in the US rig count.
With drillers across the Atlantic becoming ever-more-comfortable with oil prices anchored around the $50 per barrel mark, the number of units in operation has been steadily increasing since the autumn.