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Oil Firms Producing at Loss Due to Lower Crude Prices

17 September 2008

Bloomberg

The country’s oil companies are losing money on crude production after a decline in prices pushed the market value of a barrel of the Urals blend below the cost of getting the fuel to consumers and paying taxes, UBS said Tuesday.

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Oil Firms Producing at Loss Due to Lower Crude Prices

Oil Firms Producing at Loss Due to Lower Crude Prices

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