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AUSTRALIA

Declining oil prices good news for coal ops

ANALYSTS are predicting the decline in oil prices to be a positive for coal companies despite speculation that the oil glut would drag down the price of other energy forms, such as coal, with it.

Lou Caruana
Declining oil prices good news for coal ops

The price of diesel has dropped by 23% since the beginning of the year using in US dollar terms. Macquarie said the medium term effect of the dramatic drop in oil and diesel prices over the last six...

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