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ASIA

National oilers feel the pain too

IT IS not just big oil and US shale players that are bearing the brunt of falling oil prices, if recent earnings are any indication – state-run enterprises in Asia are feeling the pinch too.

National oilers feel the pain too

With both benchmark oil prices sliding over 50% in the last seven months, E&P companies' profit margins have eroded, leading to savage cuts in capex and workforce. While the most impacted have been...

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