The Royal Dutch Shell (LSE: RDSB) share price has declined around 29% over the last 12 months. I reckon much of the decline has to do with the change in hydrocarbon demand. In 2020, oil demand fell sharply as the pandemic curtailed economic activity in many places around the world. Many investors worry the increasing number of electric vehicles will also reduce petrol demand in the future. Given that Royal Dutch Shell depends on hydrocarbons for much of its sales, the RDSB share price hasn’t done very well. It isn’t all bad news, however. The RDSB share price has gained some momentum since October.
Here I weigh the upside and the downside on Royal Dutch Shell, and what I’d do at the present RDS share price.
Optimistic and pessimistic take
Given the current RDSB share price, the optimists think the stock is attractive if Brent oil hovers around $60 per … Read more