Russian Oil Giants Get Record Prices, But Not Profits to Match

Photo of Russian Oil Giants Get Record Prices, But Not Profits to Match
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A worker overlooks the low-temperature isomerization unit at the Novokuibyshevsk oil refinery plant, operated by Rosneft PJSC, in Novokuibyshevsk, Samara region, Russia, on Thursday, Dec. 22, 2016. Oil trimmed a second weekly gain as investors weighed rising U.S. inventories against coming coordinated output cuts by OPEC and other producing nations.

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