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Statoil Sees Risk of Deeper Slump as Oil Touches 12-Year Low

  • Crude's slide `underlines the uncertainty' in market, CEO says
  • Comments differ from October view that price had found a floor
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Statoil ASA, Norway’s biggest energy company, said an oil rout that’s pushed prices to a 12-year low may still get worse.

“It could go even lower, and it just underlines the uncertainty,” Chief Executive Officer Eldar Saetre said in an interview in Oslo. “We still have a situation with an imbalance in the market.”