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olie-platform.jpg Photo: /ritzau/Magnus Holm

Oil companies' cost reductions now starting to show

A rising oil price and large-scale cost reductions have significantly boosted earnings at oil companies such as Statoil, Shell, and Aker BP in the first quarter. Several of these firms are now gearing up to invest, but the good old days will never return, projects Nordea Markets.

BY NIKLAS KRIGSLUND, SHIPPINGWATCH

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