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Commodities

Falling commodity prices deal blow to Asia's oil and metals companies

Companies, now expecting deficit, hold back on investment

Indonesia's state-owned oil company Pertamina will likely review its investment plans for the year.   © Reuters
RURIKA IMAHASHI, CK TAN and SHOTARO TANI, Nikkei staff writers | Japan

TOKYO/SHANGHAI/JAKARTA/SINGAPORE -- As economic activity across the world ground to a halt this month due to the coronavirus pandemic, Asia's oil companies are facing their strongest challenge yet after being forced to revise down expectations.

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