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September 20, 2016

Volume 6 Issue 38

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Chinese Blender Reports Loss

Shun Neng Oil, a lube blender and the China distributor for United States oil marketer Amalie Oil Co., reported big losses in the first half of 2016. In a recent filing the company said it was 2.88 million in the red for the period due to a 25 percent drop in operating income.