Oil Investing News » Rig rates down by 10 per cent

Rig rates down by 10 per cent

November 28, 2008 @ 5:32 am In Oil Market News

The current global credit crisis and an over 63 per cent fall in crude oil prices in the last four months have resulted in oil companies drilling fewer wells in offshore areas.

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[1] here: http://www.business-standard.com/india/news/rig-rates-down-by-10-per-cent/00/11/341230/