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Bitcoin briefly hits $70,000 for the first time since June. Here is why●Bitcoin's Sharpest Rally in Five Months Flips Markets From Bearish to Coin Flip●Analyst resets StubHub stock outlook after record quarter●Cambodia's banks nurse decade-high bad loans as property slump bites●The chip-stock rally hits a speed bump — but these analysts see reason to be hopeful●Russia’s Fuel Crisis Hits Moscow as Rationing Spreads●A critical report says Argentina's investment regime concentrated capital in mining and oil●ServiceNow’s stock leads a software rally. Here’s what’s energizing investors.●Bitcoin briefly hits $70,000 for the first time since June. Here is why●Bitcoin's Sharpest Rally in Five Months Flips Markets From Bearish to Coin Flip●Analyst resets StubHub stock outlook after record quarter●Cambodia's banks nurse decade-high bad loans as property slump bites●The chip-stock rally hits a speed bump — but these analysts see reason to be hopeful●Russia’s Fuel Crisis Hits Moscow as Rationing Spreads●A critical report says Argentina's investment regime concentrated capital in mining and oil●ServiceNow’s stock leads a software rally. Here’s what’s energizing investors.●

Commodities

SLB Prepares to Restart 15 Oil Rigs in Venezuela

Oilprice.com · 1h ago

SLB Prepares to Restart 15 Oil Rigs in Venezuela

Oilfield services giant SLB is preparing to reactivate as many as 15 drilling rigs in Venezuela, potentially removing one of the biggest obstacles to increasing the country’s crude production. SLB and energy-focused private equity firm Formentera Partners are working on separate efforts to increase Venezuela’s drilling capacity, executives said at an industry conference in Houston on Wednesday. Formentera is discussing importing rigs with international service companies, while SLB is focused on equipment already inside Venezuela. SLB…

Read the full story at Oilprice.com →

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