Shell Cuts 2,200 More Jobs to Withstand Lower-for-Longer Oil

  • At least 5,000 positions to be lost around the world this year
  • Reductions are also consequence of BG Group acquisition

Oil Inventories Fall by 4.23 Million Barrels

Royal Dutch Shell Plc will cut 2,200 more jobs, taking the tally of losses to 12,500 from 2015 to 2016 as Europe’s biggest oil producer continues to adjust to the slump in prices. 

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