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    Global oil price plunge batters upstream firms, boosts refiners

    May 07, 2020 2 minutes
    Copyedited by Madhusudan Chaubey

    The global oil price collapse is battering China’s upstream oil companies but acts as a boon to downstream refineries, analysts said.

    Partly due to the coronavirus pandemic, international crude prices slumped in the past few months, with the benchmark Brent crude nosediving from about

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