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2014-03-25 07:04:00

WEATHERFORD CUTTING VENEZUELA

WEATHERFORD  CUTTING  VENEZUELA

SA. Weatherford (WFT +0.5%) says the "serious liquidity situation" in Venezuela is causing it to reduce its operations in the country, and it expects its Russian business to grow this year.WFT provides drilling and exploration services to Venezuela's national oil company but the country's currency devaluation and economic instability have caused payment delays.WFT foresees a "very constructive year" in Russia, CEO Bernard Duroc-Danner says, without discussing how the ongoing tension between Russia and Ukraine could affect the company's business.Says its Q1 has been negatively impacted by bad weather in Texas and the northeast U.S.

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Tags: WEATHERFORD, VENEZUELA

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WEATHERFORD  CUTTING  VENEZUELA
2019, April, 19, 09:15:00

S.KOREA RENEWABLE ENERGY

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WEATHERFORD  CUTTING  VENEZUELA
2019, April, 19, 09:10:00

UAE GDP WILL UP 4.7%

The International Monetary Fund (IMF), has forecast the UAE’s nominal Gross Domestic Product (GDP) to grow 4.7 percent to AED1.673 trillion in 2019, compared to AED1.589 trillion a year ago.

WEATHERFORD  CUTTING  VENEZUELA
2019, April, 19, 09:05:00

U.S. TRADE DEFICIT $49.4 BLN

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WEATHERFORD  CUTTING  VENEZUELA
2019, April, 19, 09:00:00

U.S. RIGS DOWN 10 TO 1,012

BHGE - U.S. Rig Count is down 10 rigs from last week to 1,012, with oil rigs down 8 to 825, gas rigs down 2 to 187, and miscellaneous rigs unchanged at 0. Canada Rig Count unchanged from last week at 66, with oil rigs up 1 to 19 and gas rigs down 1 to 47.

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