Sharp drop in Natural Gas prices hits oil sector's balance sheets
Edited By WION Video Desk
Published: Apr 28, 2024, 06:40 IST | Updated: Apr 28, 2024, 06:40 IST
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US and European oil companies have reported weaker first quarter results due to a sharp drop in natural gas prices compared with a year ago. Results at oil and gas firms are retreating from record levels in 2022 that were boosted by a surge in demand after the covid-19 pandemic and a spike in prices after Russia invaded Ukraine.
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