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China's Oil and Gas Sector

Sunday, 15 Apr 2012 | 11:14 PM ET

China's fuel price hike in March, the biggest increase in 33 months, is still not enough to help Chinese refiners break even, said Scott Darling, Head of Oil & Gas Sector Research, Barclays Capital. He thinks another hike of around 3% is needed before the sector can reach profitability.