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Desperate oil producers slash prices as global demand evaporates

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Oil from Russia's north-eastern coast of Sakhalin to shale formations in the US Permian basin is going cheap as sellers are forced to slash prices in a desperate attempt to attract buyers.

[SINGAPORE] Oil from Russia's north-eastern coast of Sakhalin to shale formations in the US Permian basin is going cheap as sellers are forced to slash prices in a desperate attempt to attract buyers.

Refiners across the world have made deep cuts to crude processing rates due to slumping...

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