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News Wrap

IN <i>News Wrap:</i> Morgan Stanley's "worse than 1986" oil crash fears; Pemex misplaces 2.7 million barrels of oil following deadly offshore platform blast; Asian spot LNG to plunge more; PetroVietnam chairman arrested; and investment dollars pour into Iran.

Back to the '80s Morgan Stanley's dire oil fears are circulating across media outlets. "We have been expecting the current downturn to be as severe as the one in 1986 - the worst for at least 45 years...

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