Shell signals end to rising debt

Royal Dutch Shell has signalled that the steep rise in its debts is coming to end, with its chief executive saying the group would not need to borrow any more money if oil remains at about $80 per barrel.

The comments from Peter Voser, who took the helm at Shell in July, are a sign of how the oil industry has recovered thanks to the rebound in the oil price to about $76 on Tuesday from its low point of less than $33 in February.