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Friday 1 November 2019

Oil prices drag down Repsol Q3 net profit, downstream unit beats expectations

Madrid — Weak energy prices dragged down Spain’s Repsol third quarter adjusted net profit, although it still beat market expectations thanks to its resilient downstream unit. Repsol produced more oil during the period, but prices have been under pressure this year by rising supply from the United States and expectations that slowing economic growth and […]

The post Oil prices drag down Repsol Q3 net profit, downstream unit beats expectations appeared first on SweetCrudeReports.

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