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Energy majors brace for long period of low oil and gas prices

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Shell's Mr van Beurden says that the headline numbers it has reported reflect a lower oil and gas price outlook.

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BP's Mr Dudley expects prices to be lower for longer, with recovery taking a 'U' shape rather than 'V'.

London

ENERGY companies reporting dismal results are bracing themselves for a lengthy period of low oil and gas prices. The question that analysts are asking, however, is whether major cuts in capital and exploration expenditure are paving the way for an eventual recovery. The key

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