05.03.2015 02:59:00
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Honghua Group Limited -- Moody's says oil price plunge will slow revenue growth of Chinese oilfield services companies
Hong Kong, March 05, 2015 -- Moody's Investors Service says the oil price plunge will push exploration and production (E&P) companies around the globe to cut their spending on exploration and drilling, slowing revenue growth of China's (Aa3 stable) oilfield service (OFS) companies in 2015 and into 2016.