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Global Financial Collapse Stalls Growth in the Petroleum Sector

Publication Date: 01-JUL-09
Author: Lia Steakley
Format: HTML

    
Description:
After nearly four years of high-octane growth, the petroleum industry has abruptly reversed course as the collapse of the global financial crisis has driven down crude-oil prices and consumer demand, causing oil producers to hit the brakes on a bevy of pipeline, refinery, exploration and storage-facility projects.
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