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U.S. companies cut the most oil rigs in about four months

Christian Fernsby |
Oil rig workers
U.S. energy firms this week cut the most oil rigs in about four months, with the rig count falling to the lowest since January 2018, as producers cut spending on new drilling and completions.
Palestine street
Brazil central bank
Chabahar Port
Customs duties 30% less for Chabahar Port
Christian Fernsby |

More business

August 23, 2019 4:28PM     Namibia: N$45m Power Deal Divides Procurement Board AllAfrica

August 23, 2019 2:54PM     Billionaire businessman and mega-donor David Koch dies aged 79 ABC

August 23, 2019 2:37PM     China to put new tariffs on U.S. cars, planes, crops and crude oil CBC

August 23, 2019 12:38PM     Zimbabwe: Energy Firm Doubles Client Base As Demand for Solar Projects Soars AllAfrica

August 23, 2019 10:56AM     Zimbabwe: Govt Turns to Nuclear Enrichment, With Help From Russia Power AllAfrica


Awow Daniel Chuang
South Sudan says to boost oil exploration after discovery of new well
Christian Fernsby | Friday August 23, 2019
South Sudan seeks to boost oil exploration after the east African country discovered new oil well in the northern parts of the country since gaining independence from Sudan eight years ago.
Sinisa Mali
Serbia officially joins AIIB
Christian Fernsby | Friday August 23, 2019

Serbia officially became a non-regional member of the Asian Infrastructure Investment Bank (AIIB), the country's ministry of finance confirmed on Thursday in a press release.
gas price
AAA says gas price to fall to $2.40 a gallon
Christian Fernsby | Thursday August 22, 2019

The American Automobile Association on Thursday released its fall gas price forecast, and AAA estimates the national average for a gallon of regular unleaded will drop to $2.40 a gallon from its current $2.60-a-gallon level.

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