Buru makes drastic cuts to reduce costs

WESTERN Australian onshore oil company Buru Energy has moved fast to cut costs across the board as it reacts to a crash in the oil price and growing economic concerns.

Buru makes drastic cuts to reduce costs Buru makes drastic cuts to reduce costs Buru makes drastic cuts to reduce costs Buru makes drastic cuts to reduce costs Buru makes drastic cuts to reduce costs

 

Since the start of the year, the price of oil has fallen by 60% and at noon today Brent was trading at US$26.80 a barrel, while West Texas Intermediate was worth $20.50/bbl.

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