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The energy giant Royal Dutch Shell has it has passed its peak production of oil. The days of increasing oil production over and the decline in output has . Shell in a press release that, "oil production peaked in 2019". The "high point" of Shell's oil production around 1.7 million barrels per day. It now expects an annual drop of up to two per cent per year. The fall a year ahead of Shell's initial forecasts. In 2015, the company the peak of global oil demand would be in 2020. The announcement news that Shell would the number of its oil refineries from 14 sites to six. This the loss of around 9,000 jobs, or more than 10 per cent of its workforce.

Shell said it is its focus onto renewables and reducing its carbon footprint. It to achieve net-zero carbon emissions by 2050. The company said it wants to into becoming an energy provider rather than relying on fossil fuels. It has been actively new, green technologies such as carbon capture. It has also been companies that provide electric vehicle charging stations. Shell CEO Ben van Beurden to create half a million EV charging points by 2025. He said: "We must our customers the products and services they - products that have the lowest environmental impact. We will... in markets where demand for cleaner products and services strongest."