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00:02:20
Natural gas prices fall sharply, hurting the oil sector's balance sheets.
A significant decline in natural gas prices from a year ago has resulted in lower first-quarter results for US and European oil majors. After reaching all-time highs in 2022 due to a combination of rising prices following Russia's invasion of Ukraine and a jump in demand following the COVID-19 pandemic, oil and gas companies' results are now declining.
#oil #naturalgas #oilprices
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