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Oil buyers’ greater bargaining power can be good for competition, Norwegian authority says

( October 5, 2016, 11:15 GMT | Official Statement) -- MLex Summary: Falling oil prices and the resulting increase in the bargaining power of oil purchasers can be good for competition, the Norwegian antitrust authority says. The regulator understands that the reduction in prices is causing concern in the oil industry, but says that from a competition perspective, there is no evidence of abuse of market power.Full statement follows:...

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