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Sinopec Profit Slips as Oil Crash Drags Down Refining Gains - Bloomberg
Bloomberg | Sinopec Profit Slips as Oil Crash Drags Down Refining Gains Bloomberg Oil refiners typically gain when crude slumps since they benefit from cheaper supply costs, though Sinopec is still vulnerable to the price collapse as it's the country's third-biggest oil and gas producer. Brent crude, the global benchmark, averaged ... Sinopec profit slips as refining fails to counter oil crash |
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