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150,000 jobs lost in oil rout

SINCE oil prices began their dramatic decline in mid-2014, more than 150,000 jobs in the oil and gas industry have been cut across the globe – and there is worse to some, according to a recent report from job services company Swift Worldwide Resources.

150,000 jobs lost in oil rout

The US witnessed the most drastic decline of oil and gas jobs, with the North Sea offshore market also hit hard, but southeast Asia has so far escaped substantial layoffs given shipyards in Korea, China...

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