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Energy system's shock absorbers are weakening, Shell CEO says
CNBC Television· 2026-07-30 14:00
It has been remarkable to see how resilient the energy system has been. If you'd asked me uh four or five months ago, would I have expected this. I would honestly not have said yes.Um [snorts] so it has been very very resilient. But think of it as a a shock absorber uh that is weakening. That's what we're seeing at the moment.Uh the elements of the energy system that have acted as that shock absorber, that's commercial inventories are slowly depleting. strategic reserves are being used. Uh the logistical fl ...