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News - China

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CNOOC's First Quarter Revenue Dives 31%

Low energy prices have impacted CNOOC Limited’s first quarter revenue which fell 30.7 percent to RMB24.64 billion ($3.8 billion). The company's average realized oil price decreased 39.1 percent on year to $32.54 per barrel while the average realized gas price was $5.69 per thousand cubic feet, down 14.

Greater Caspian Weekly Overview (on NGE)
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