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Statoil reports larger 4th quarter loss after oil price drop

2016-02-04 15:44:34| Oil & Gas - Topix.net

Norwegian energy group Statoil posted a net loss of 9.2 billion kroner for the fourth quarter amid the drop in oil prices. Norway's biggest oil company said Thursday the quarterly results "continue to be severely influenced by low prices," adding the loss was 3 per cent larger than a year earlier.

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