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Oil market has 'a bit of oversupply,' Shell CEO says
Shell Chief Executive Officer Wael Sawan discusses the company's performance as its fourth-quarter profit slumped, undershooting expectations. "There is indeed a bit of oversupply at the moment," he tells Bloomberg Television. Sawan also comments on Shell's buybacks as the oil company maintained its quarterly share buyback of $3.5 billion. "We ...
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