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Mercuria closes European borrowing base

Commodities trader Mercuria has closed a $700 million borrowing base to support its European operations

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Shell profits hit by lower oil prices

Third-quarter profits fall 6% as the group suffers from a glut of US natural gas due by the shale boom pushing realisations in the Americas down 38%

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Investor concerns over BG revision

Oil and gas group cuts production outlook for this year and next following a series of deferrals on projects in the North Sea, USA, Egypt and Brazil

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