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The number of installations for drilling oil wells in the US increased for the week by 5 units to 820 units after a growth of 7 units in the previous week. This was reported by the oil service company, Baker Hughes. The number of existing installations for drilling oil and gas wells in the US by April 20 was 974 units against 876 units in 2017. Simmons&Co's forecast for the average number of installations for drilling oil was increased by 2018 to 1 thousand 14 units, in 2019 - to 1,129 units. Energy Information Administration predicts oil production in the US in 2018 at the level of 10 million 690 thousand barrels per day, in 2019 - at the level of 11 million 440 thousand barrels per day.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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