Thursday, May 03, 2012

France’s Total sees setback in Q1 profits as petrochemicals slip

French oil company Total saw its revenues grow strongly in Q1-2012, but saw a drop in European demand for petrochemicals hit profits, as per AP Business Writer. The quarter saw energy prices soar amiid unrest in the Middle East and tension in Iran, even as economic slowdown in Europe continues to weigh on demand.

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