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Shell CEO: "What if Opec doesn't get it right"

A lot depends on Opec's strategy in terms of ensuring that the oil market does not end up in a new situation in which the price spikes and then plummets, says Ben van Beurden.

Photo: Alastair Grant/AP/Polfoto

The oil price has plummeted in the past year due to the US shale adventure and Opec's decision to maintain its output in spite of oversupply in the market.

Now Royal Dutch Shell CEO Ben van Beurden warns that the situation could very well repeat itself unless Opec adjusts its production and resumes its role as a stabilizing factor.

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