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Oil companies trim drilling budgets in sign of rising caution

Oil companies are slashing their capital spending plans in an effort to cope with oil prices which are below USD 50.

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Trafigura CEO: Continued oversupply on the oil market

2017 has been a year characterized by continued oversupply on the market for oil and oil products, says Trafigura's CEO in relation to the commodity trader's annual report. But the situation already looks brighter starting next year.

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