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Lower production setback for European oil firmsSpanish oil company Repsol, Austrian rival OMV and Romania's Petrom reported big drops in profit yesterday due to lower oil prices and falling production but refining margins rose. Repsol said adjusted or clean net profit, which strips out More… |
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New oil supplies not enough say majorsThe heads of some of the world's biggest oil companies countered on Monday Opec claims that speculators were driving high oil prices, instead blaming a dearth of new supplies. The chief executives of Royal Dutch Shell Plc and Spain's Repso More… |
