Royal Dutch Shell is bracing for a peak in oil demand by the end of the next decade by edging towards renewable power and the electric vehicle industry. Shell boss Ben Van Beurden said the oil major had changed its company mindset to a “lower forever” oil price environment and is focusing on being “fit for the forties”, in reference to the faltering oil price, which has struggled to remain above the $50 a barrel mark. The group is already shifting its production focus from oil to natural...

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