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LNG gloom, S&P oil price cuts darken outlook for energy stocks

2016-01-14 04:20:38| Oil & Gas - Topix.net

China, supposedly the biggest growth market for liquefied natural gas, saw a shock drop in consumption in 2015, adding to the bearish pressures that are overwhelming the oil and gas sector and driving share prices to fresh multi-year lows. China's LNG demand dropped 2 per cent last year, the first ever decline after years of double-digit growth, according to respected energy consultancy Wood Mackenzie.

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