Russian energy minister expects oil market to stabilize by mid-year

Oil market will stabilize by the middle of 2017 when world’s oil balances in storages will reach the 5-year average…

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Shaanxi Yanchang plans to slash pay, investments

China’s fourth-biggest oil producer, Shaanxi Yanchang Petroleum Group, is slashing investments and salaries amid the sluggish oil pricing market, Bloomberg…

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