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Exxon's Tillerson does not see oil supply shortage lifting prices; disagrees with Saudi minister

ExxonMobil (XOM +0.7%) CEO Rex Tillerson, speaking directly after Saudi Arabian oil minister Khalid Al-Falih at the Oil & Money conference in London, offered a rebuke to the Saudis, saying fears of a future supply shortage are overblown.

Tillerson said U.S. shale oil producers' resilience in cutting costs to make some wells...


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