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2015-11-05 19:20:00

SHELL WILL SELL $20 BLN

SHELL WILL SELL $20 BLN

Royal Dutch Shell announced organizational changes in its business as it prepares for its biggest ever takeover amid what it expects to be a prolonged downturn in oil prices.

Europe's biggest oil company will run its natural gas business as a "stand-alone organization" led by Maarten Wetselaar, who will become integrated gas director and a member of the executive committee, Shell said in a statement on Tuesday.

Marvin Odum, currently director of the company's upstream unit in the Americas, will lead a new unconventional resources unit, including heavy oil and shale activities in the Americas.

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Tags: SHELL, BG, EUROPE

Chronicle:

SHELL WILL SELL $20 BLN
2019, March, 22, 10:20:00

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US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.

SHELL WILL SELL $20 BLN
2019, March, 22, 10:15:00

SAUDI'S OIL WILL DOWN

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SHELL WILL SELL $20 BLN
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BRITAIN NEED INVESTMENT $265 BLN

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SHELL WILL SELL $20 BLN
2019, March, 22, 10:05:00

U.S. FEDERAL FUNDS RATE 2.25-2.5%

U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.

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