Shell said it expects oil production sales of 6.5 million barrels of oil equivalent per day (boepd) to 7 million boepd for the fourth quarter, compared with its earlier estimate of 6.65 million boepd to 7.05 million boepd.
BENGALURU (Reuters) - Royal Dutch Shell said on Friday it expects to write down up to US$2.3bil in the fourth quarter, the latest major energy company forced to shrink estimates for sector values due to a weaker economic outlook.
In a trading update ahead of full year results, Shell also said it expected weaker margins in its refining, trading and marketing division while maintaining spending on the lower end of forecasts amid slowing demand for oil and gas.
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