Paragraph 1
The oil
Shell has passed its peak production. Its production peaked in 2019. Production is falling, a
ahead of Shell's
. In 2015, it predicted peak
would be in 2020. The company expects a
of two per cent per
. Shell will also cut the
of its oil refineries from 14 to six. This means the
of around 9,000
, or more than 10 per cent of its
.